1. Corruption and smuggling among employees of the company have become a common practice, which has drastically reduced the company's total income.
2. Because the company blackmailed the Indian people, the Indian people constantly revolted. And the company needs a lot of money to suppress the uprising. This has created a vicious circle and plunged the company into many crises.
3. The East India Company is the representative of commercial monopoly capital. Industrial capital has developed rapidly in Britain, and commercial capital has gradually lost its former position. This is also the main reason for the company's bankruptcy.
The management of India by the East India Company became the embryonic form of British civil service system. 18 13 after the monopoly position of the company was broken, the company gradually separated from the trading business. 1857 After the Indian national uprising, the company also handed over its management affairs to the British government, and India became a British crown colony. /kloc-In the 1960s, all the company's properties in India were delivered to the government. The company only helps the government to engage in the tea trade (especially with St. Helena). After the dividend redemption act of the East India Company came into effect, the company was dissolved on June 1 874+1October1. The Times commented: In human history, it has accomplished tasks that no company has undertaken, and may not undertake in the future.
1987, a coffee merchant established a limited company named "East India Company", and in 1990, he applied to use the arms of the former East India Company as his trademark. However, the Patent Office pointed out that "the company that uses this badge cannot call itself the' East India Company', but the company 1996 establishes its own website. The company still sells coffee in St. Helena under the name of "East India Company" and has published a book introducing the history of the East India Company. However, it should be noted that although the company claims to be established in 1600, it has nothing to do with the original company in law.