Correct Option: B

The Pitt’s India Act of 1784 was in the nature of a regulating act as it was intended to address the shortcomings of the Regulating Act of 1773 by bringing the East India Company’s rule in India under the control of the British Government. Pitt’s India Act provided for the appointment of a Board of Control, and provided for a joint government of British India by both the Company and the Crown with the government holding the ultimate authority.