This topic is strictly based on the UPSC CSE prelims examination. This is a series of articles in which we will cover each and every topic of Polity in sequence for UPSC CSE Target 2020.
The Regulating Act of 1773
- This act aims to direct control of the British parliament over India. From then all the affairs of East India Company were controlled by the British Parliament.
- Before this, there were three governors (of Mumbai, Madaras, and Bengal)and all governors are of the same priority but through this act, the governor of Bengal was designated as Governer-General of Bengal(more superior than other governors).
- The first Governor-General of Bengal was Warren Hasting.
- Governor of Bombay and Madars became subordinate of Governor-General.
- Executive Council(same as today's cabinet ministers) was established under the Governor-General of Bengal.
- The Supreme Court was established at Fort Willams in Calcutta as the Apex Court in 1774. But this supreme court was not the highest court of appeal. There was a privy council in Britain where anyone can appeal further.
- It prohibited the workers of East India Company from engaging in any private trade as the worker had started the trade on personal behalf.
- The governing body of the company( known as Court of Directors) should report its revenue to the British Parliament.
Outcomes of Regulating Act of 1773.
- The Centralisation of power in Bengal by making the governor of Bengal as the Governor-General of Bengal.
- This leads to a decline in corruption as it prohibited the workers of East India Company from engaging in any private trade.
- First Initiative of the British Government to regulate the affairs of East India Company.
- It introduces the judiciary system.
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