The East India Company was originally established for prosecuting the trade between England and India, which they acquired a right to carry on exclusively. Since the middle of the last century, however, the company’s political af-falrs had become of more importance than thelr commerce. In 1858, by 21 & 22 Vlct. c. 106, the government of the territories of the company was transferred to the crown, wharton
Source: Black’s Law Dictionary 2nd Ed (1910)
