What is the Regulating Act 1773?
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Regulating Act 1773 [Modern History of India UPSC Notes]
The British Parliament
Purpose of Regulating Act 1773
Regulating Act 1773 Governor-General
Importance of the Regulating Act 1773
Territories under British possession in India
Regulating Act 1773 UPSC
The Regulating Act 1773 notes for UPSC are necessary to cover the History Syllabus. Over the years, History has occupied an important place in both UPSC Prelims and UPSC Mains GS Paper- 1. To cover Regulating Act 1773, a candidate needs to be well versed with the Indian History Notes for UPSC, along with readings of the NCERT Books for UPSC and the UPSC Books.
The importance of the Regulating Act 1773 must be understood in a detailed manner along with the comparison between several other charters acts such as Charter Act 1813, Charter Act 1853, and Morley-Minto Reforms.
Regulating Act 1773 Notes [Important Points]
- The East India Company was in a severe financial crisis and allegations of corruption and nepotism were rampant against company officials. The Company was heading to bankruptcy, while the servants were flourishing.
- After the Battle of Buxar in 1764, the EIC got the Diwani Rights of Bengal, Bihar and Orissa and gradually, it started interfering in Indian affairs.
- The Regulating Act 1773 was the first step taken by the British Government to control and regulate the affairs of the East India Company in India.
- There was a terrible famine and lawlessness in Bengal.
- The Regulating Act 1773 recognized the political and administrative functions of the Company and laid the foundations of central administration in India.
- The Governor of Bengal was designated as the ‘Governor-General of Bengal’ and created an Executive Council of four members to assist him. It made the governors of Bombay and Madras presidencies subordinate to the Governor of Bengal.
- The act established a Supreme Court at Calcutta (1774) comprising one chief justice and three other judges. Sir Elijah Impey was the first Chief Justice.
- The British Government strengthened its control over the EIC by ordering the Court of Directors to report the matters on revenue, civil, and military affairs in India to the British authorities.
- The Regulating Act 1773 also prohibited the servants of the EIC from engaging in any private trade or accepting gifts or bribes from Indians.
Drawbacks of Regulating Act 1773
- The Regulating Act 1773 did not address the concerns of the Indian population who were paying revenue and could not stop corruption among the company officials
- . The Supreme Court's powers were not well-defined.
- As there was no mechanism to study the reports sent by the Governor-General in Council, the parliamentary control proved to be ineffective.
- The Governor-General had no veto power.
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Regulating Act 1773 UPSC Notes PDF Download
The Regulating Act 1773 is an important topic to understand the beginning of British rule in India along with its administration. Students can download the Regulating Act 1773 Notes UPSC PDF to cover the topic in a detailed manner. It recognized the political and administrative functions of the Company and laid the foundations of central administration in India