The East India Stock Dividend Redemption Act 1873 was an Act of the Parliament of the United Kingdom, passed in 1873, that formally dissolved the British East India Company.
It was one of the East India Loans Acts 1859 to 1893.
By the time of the Act's passing, the Company had already effectively ceased to exist, with its governmental responsibilities having been transferred to the Crown by the Government of India Act 1858. The Company's 24,000-man military force had also been transferred to the authority of the Crown (subsequently being incorporated into the Indian Army), leaving it with only a shadow of the power it had wielded years earlier.
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“The beds i’ th’ East are soft.”
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