Regulating Act of 1773

Regulating Act Was officially known as East

India act of 1773
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↳ Inflow Destroy Bengal to

Judicial plan 1772

•
Treaty of Allahabad
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Nizamat → Administration
Military Court • Grant of Diwani Rights to

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Diwali → Revenue • Judicial
to
• Trade
Regulation
• Dual System Abolition

Charter settlement
Regulating At of 1774 Actor
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1773 1774

Regulating Act of 1773

Reasons that lead to Regulating Act 1773

The east India company was in serve financial crisis and asked for loan of 1 million pound
-

Allegations of corruption and nepotism were rampant against company officials.

There was a terrible famine in Bengal where a huge population perished. Reason Bankruptcy Elc
-
of
Dual system of government.
••
1769 Famine

{
• First Anglo-Mysore war Hyder Ali (17661-069)
British ← Loan ←
Lack of law [lawlessness increased in bengal] •
Corruption
hovernmat
• Loss in Tea Trade -

USA -

Dutcher
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 British parliament got an opportunity to Tighten on company affair and house of commons
appointed to parliamentary committees

The British Parliament

1:-secrete committee
2:-select committee

Based on the recommendation of the two committee

there two act were passed
1:-regulating act
2:- granted loan to the company
Regulating Act of 1773

Act was passed by British parliament for establishing certain regulation

for the better management of the affairs of the company in India

The main objective of the act were:-

1:-to bring the management of the company under the direct control of the British
parliament and the British crown.
2:-to introduce reform in the company constitution at home that is in the England.
3:- to bring the reformation of the company government in India.
4:- to provide adequate remedies against atrocities and oppression committed by the
servant of the company in India.

Provision of the Regulating Act of 1773

1:- Change in constitution of the company;

→
change the Method
of Appointment and Retirement of the Director

of the Company in
England .

→ 24 Director were elected

Aurally by General Court
 •
→ Governess Designated
to

Governor ←0 as

Governor General
-

D- Governor
 Tenure Heed Retire
→
of Director : -

one tour i. e
of them
every Year by rotation .

→ voting power was restarted only those shareholder who

instead of £500
had a stock
of ¥10001

2:- Reorganisation of the company government of Bengal;

by Cryin
power Govt Removed
→
change in
Organisation and
of the Earlier
→
I

Forfeited
RqggYatim
→
Governor General $ Four Council
•
Appointment of -

hehe
of the
Governor
@ ignited Governor of Bengal
.

as the
of Bengal
-

•
✗

×
General
Governor-General {
charerifigg.nu
Richard Barwell
Warren Hasting ,
,
Phillip Francis ,
Colonel Monson
to
Epresidencies Decision of the Council were to be
of Bombay Madras
* is >

Mlle basis of Majority vote

to
to
under the total of
to
Incase of tie
to

Governor-General Bengal Governor General Could Exercise

of -

to his lasting vote

In
Matter
of
Treaties and peace bond
way and his
Governor
tr÷Em
→
* Madras$Bombay_ →

General
Revenue ↳ transmit
regarding
•

Court
• hort
of
•

wtrestqtn Gpm Director

to

England
 Legislative power under Regulating Act 1173
This act granted legislative powers to companies executive authority in India. To

I
make and issue rules, ordinances and regulations for the good order of civil
government of company settlement at Fort William and other subordinate factories
and places.
&9orernorgeneraladsGon3

Prohibition against private trade and accepting of presents etc.

|sectim2# → Prohibited from Accepting present gift and reward

t themsave in Private trade

engaging
, or .

horeruorhenerayl.com?Judge-Commit] <

misdemeanours
offences,
crimes and
to

tried $ Punished he Court of King -

in council
-

→
England

Establishment of a Supreme Court of Judicature at Calcutta.

Calcutta.enactment of the regulating act 1773 the provision of the earlier charter of
1753 were superseded and the act empower the crown established a supreme
court at Fort William.

The british King George lll issue it charter on March 26, 1774 which established a
supreme court at Calcutta.
It was crown court.

Sir Elijah Impey was appointed as the First Chief Justice of the Supreme Court at Calcutta.
 Demerits of the Regulating Act , 1773

Significance of Regulating Act 1773.

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