Regulating act 1773: First step taken by the British

First step taken by the British government to regulate and control the company's affairs in India. It prohibited the servants of company from engaging in any private trade or accepting presents or bribes from the "natives". The Regulating act of 1773 got introduced to establish a central administrative system in British India. The act was brought to regulate the activities of the British East India company. Learn about the background, provisions, and drawbacks of the Regulating Act 1773, a British Parliament law to reform the East India Company's management in India. Find out how it established the Governor-General of Bengal, the Supreme Court, and the Tea Act. What is the Regulating Act of 1773? The regulating Act of 1773 was passed by the British Parliament to control the territories of the East India Company majorly in Bengal. This act was passed due to the misgovernment by the British East India government that introduced a situation of bankruptcy and the government had to interfere with the affairs of the Company. This is an important part of NCERT notes for the UPSC Civil Services Exam. These notes will also be useful for other competitive ...