1. Objective
2. Key Provisions
3. Historical Background
4. Defects
5. Conclusion
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Topic – Regulating Act (1773) (Notes)
Subject – History
(Modern Indian History)
Table of Contents
Regulating Act 1773 was an act of the British Parliament intended to regulate the management of the East India Company in India. It was the first intervention by the British government in the Company’s territorial affairs and marked the beginning of a takeover process that was completed in 1858. It was passed as a result of the Company’s mismanagement and financial problems, which required government intervention. The Regulating Act of 1773 banned the employees of East India Company from doing any kind of private trade or from receiving gifts or bribes from the “natives”.
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The Regulating Act of 1773 was the first serious attempt to regulate the affairs of British East India Company in India. |
Objective
- The major goal of enacting the Regulating Act was to keep track of the Company’s operations in India and England, as well as to eliminate any existing flaws.
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