This allowed any English firm to trade with <answer>India</answer>, 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 <answer>India</answer> 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 <answer>India</answer>, for a dominant share of the trade.
The two parallel East India company  had a power stuggle in both  England and?
India