Pitt's India Act, 1784

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1. It was introduced in the British Parliament by the then Prime Minister, William Pitt
2. Company’s territories in India were for the first time called the ‘British possessions in India’.
3. British Government was given the supreme control over Company’s affairs and its administration in India.
4. It distinguished between the commercial and political functions of the Company
   • It allowed the Court of Directors to manage the commercial affairs but created a new body called Board of Control to manage the political affairs.
   • It empowered the Board of Control to supervise and direct all operations of the civil and military government or revenues of the British possessions in India.