Which among the following event led the British government of Lord North to undertake a legislation to meet the situation and provide some form of legal government for the Indian possessions of the East India Company, which resulted in Regulating Act of 1773?
[A] The Officers of East India Company were indulged in all sorts of corruption
[B] East India Company was facing fierce resistance from the Native princes of India
[C] The competition with the French East India Company had almost finished the business of British East India Company
[D] East India Company had become almost insolvent

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