generate questions: This allowed any English firm to trade with India, unless specifically prohibited by act of parliament, thereby annulling the charter that had been in force for almost 100 years. By an act that was passed in 1698, a new "parallel" East India Company (officially titled the English Company Trading to the East Indies) was floated under a state-backed indemnity of £2 million. The powerful stockholders of the old company quickly subscribed a sum of £315,000 in the new concern, and dominated the new body. The two companies wrestled with each other for some time, both in England and in India, for a dominant share of the trade.
enlish firms were allow to trade with  India unless? {sep_token} what was the name of the  second East india company that ended up runnig parallel to the first? {sep_token} The two parallel East India company  had a power stuggle in both  England and? {sep_token} In what  year was the Act passed the made a parallel East India company? {sep_token} The stock holder of the Original East India  company rasied how much money  to  try and deal with the parallel East India Company?