Year 1873: Proposal to dissolve East India Company was passed

The East India Company, (originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies"), rose to account for half of the world's trade during the mid-1700s and early 1800s, particularly in basic commodities including cotton, silk, indigo dye, sugar, salt, spices, saltpetre, tea, and opium. The company also ruled the beginnings of the British Empire in India. The company was dissolved in 1874 as a result of the East India Stock Dividend Redemption Act passed one year earlier, as the Government of India Act had by then rendered it powerless, and obsolete.

Here is a video lecture on the East India Company's rule in India.