REGULATING ACT 1773

ITS about the regulating act 1773

1. REGULATING ACT 1773 PRESENTED BY- AKIB KHAN ROLLNO:- 40

2. The  Regulating Act of 1773  was an  Act  of the  Parliament of Great Britain  intended to overhaul the management of the East India Company's rule in India .  The Act did not prove to be a long-term solution to concerns over the Company's affairs;  Pitt's India Act  was therefore subsequently enacted in 1784 as a more radical reform.

3. The Governor General of India and his council of 4 members got a legal status. As per the act, Office of the Governor-General of the Presidency of Fort William was created in 1773, and on 20 October 1773, Warren Hastings became the first Governor General of India .

4. The Act limited Company  dividends  to 6% until it repaid a £1.5M loan (passed by an accompanying act, 13 Geo. 3 c. 64) and restricted the  Court of Directors  to four-year terms. It prohibited the servants of company from engaging in any private trade or accepting presents or bribes from the natives. Provisions of the Regulating Act

5. The Act elevated Governor of  Bengal ,  Warren Hastings  to  Governor-General of Bengal  and subsumed the presidencies of  Madras  and  Bombay  under Bengal's control. The Act named four additional men to serve with the Governor-General on the  Supreme Council of Bengal :  Lt-Gen   John Clavering ,  George Monson ,  Richard Barwell , and  Philip Francis . Barwell was the only one with previous experience in India. These councillors were commonly known as the " Council of Four ". A supreme court was established at  Fort William  at  Calcutta . British judges were to be sent to India to administer the British legal system that was used there.

6. On 18 May 1773 Lord North introduced the Regulating Bill in the House of common It had three main objectives Reform the constitution of Co. Reform the Co.’s Government in India To provide remedy against the illegalities and oppressions committed by the servants of the co. in India Regulating Bill of Lord North

7. This act unequivocally established the supremacy of the Presidency of Bengal over the others. In matters of foreign policy, the Regulating Act of 1773 made the presidencies of Bombay and Madras, subordinate to the Governor General and his council. Now , no other presidency could give orders for commencing hostilities with the Indian Princes, declare a war or negotiate a treaty. The act forbade the servants of the company to accept presents and bribes, to curb the corruption . It established a supreme court at Fort William, Calcutta and India’s modern Constitutional History began. Impact of this Act

8. Election of the Director : T he Director of the co. elected for 4 years and 1\4 of them retired every year and retiring Director was not entitled to be elected again The effect of this provision was to secure stability and continuity in the policy of Directors Salient Features of the Regulating Act of 1773