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Meghna Thapar 4 years, 2 months ago
The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade. The office of the Accountant General, Military Department, was created in April 1864. In 1865, the Government recognized this position as the Head of the Military Accounts Department. In 1922, office of Military Accountant General was reorginised post-war and 1 MAG, 2 Dy.MAGs, 2 Asstt. MAGs and 100 Accountants and clerks were sanctioned. Office of MAG then comprised of 8 sections viz. Record, AN, Audit, Accounts, Estimate, Pay, Foreign Claims and Inspection.
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