1. The act deprived the company of its India trade monopoly.
2. It invested Board of Control with full power and authority of the company.
3. It invested a governor-general with full power and authority to superintend and control Presidency government.

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1. Sanyasis of the 18th century were involved in trade, usury, and mercenary military activity
2. Majnu Shah led the Fakir rebellion in 1773

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