East India Stock Dividend Redemption Act 1873

The East India Stock Dividend Redemption Act 1873 (36 & 37 Vict. c. 17) was an act of the Parliament of the United Kingdom, passed in 1873, that formally dissolved the British East India Company.

East India Stock Dividend Redemption Act 1873^[a][1]

Act of Parliament
Parliament of the United Kingdom
Long title	An Act to provide for the Redemption or Commutation of the Dividend on the Capital Stock of the East India Company, and for the transfer of the Security Fund of the India Company to the Secretary of State in Council of India, and for the dissolution of the East India Company.
Citation	36 & 37 Vict. c. 17
Territorial extent	United Kingdom British India
Dates
Royal assent	15 May 1873
Commencement	15 May 1873[b]
Repealed	10 March 1966
Other legislation
Amended by	Statute Law Revision Act 1883
Repealed by	Statute Law Revision Act 1966 (UK); Statute Law Revision Act 2007 (RoI)
Relates to	Government of India Act 1858
Status: Repealed
Text of statute as originally enacted

The act was one of the East India Loans Acts 1859 to 1893.^[2]

By the time of the act's passing, the British East India Company had already effectively ceased to exist. The company's governmental responsibilities were transferred to the Crown and its liquidation was set in motion by the Government of India Act 1858 (21 & 22 Vict. c. 106).^[3] The company's 240,000-man military force had also been transferred to the authority of the Crown (subsequently being incorporated into the British Indian Army), significantly reducing its influence.

Notes

1. Section 1.
2. The Acts of Parliament (Commencement) Act 1793.