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Topic – The Regulating Act of 1773 (Notes)
Subject – Political Science
(Indian National Movement & Constitutional Development)
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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