Regulating Act Of 1773

Regulating Act Of 1773                                                                          -:Introduction:-                                                                      

It was the first step taken by the British Government to control and regulate the East India Company. It also recognizes the political and administrative  functions of the East India Company. It laid the foundation of central administration in India. 

-:Features:-                                                          1.It designated the Governor of Bengal as Governor-General of Bengal, and Lord Warren Hasting had become the First Governor-General.

2.The Act also created an Executive council of four members to assist the Governor-General of Bengal.

3.It made the governors of Bombay and Madras presidencies sub-ordinate to the governor-general of Bengal.

4.The act also made the provision for the establishment of Supreme court in Calcutta, comprising of one chief justice three other judges.

5. It also made the provision of requiring report of its revenue, civil and military affairs in India by Court of directors(governing body of the company).

The main objective of this provision is to strengthen control of British government over the company.

6. It also prohibited the company servants to engaging in private trade or bribes from natives.