1773-1858

The company Rule

Regulating Act of 1773

The act was the first step taken by the British government to control and regulate the affairs of East India company in India. It acknowledged for the first time the political and administrative functions of the Company. It laid the foundations of central administration in India.

  • It designated the Governor of Bengal as the ‘Governor-General of Bengal’ and created an Executive Council of four members to assist him. 

  • Previously, the governors of the Bombay and Madras presidencies were independent of one another, but this law made them subservient to the governor-general of Bengal. 

  • It stipulated that a Supreme Court be established in Calcutta (1774), with one chief justice and three additional justices

  • . It made it illegal for the Company's servants to engage in any private commerce or accept gifts or bribes from the 'natives.'

  •  It reinforced the British Government's authority over the Company by compelling the Court of Directors (the Company's governing body) to report on its revenue, civil, and military matters in India.

 

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