Which of the following statements is not correct?
According to Pitt's India Act the Board of Control would consist of

For the purpose of Joint Government, a Board of Commissioners for the Affairs of India called Board of Control was created. This board was made of six people viz. the Chancellor of the Exchequer, the Secretary of State, and four Privy Councillors nominated by the King. The Secretary of the State was entitled as the President of the Board of Control.