Pitt's India Act, 1784
➔ Named after William Pitt (Prime Minister of Britain).
➔ Drawn clear distinction between commercial & political activities of East India Company.
➔ Two bodies created: Board of Control → for political matters (civil, military, revenue) and Court of Directors → for commercial affairs.
➔ Governor-General in Council reduced from 4 → 3 members.
➔ Company's territories first time called "British Possessions in India" (not Company's territories).