answer the following questions in short:
a.what led to the formulation of the regulating act of 1773?
b.what were the defects in the regulating act?
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A) By 1773, the East India Company was in dire financial straits. ... Lord North decided to overhaul the management of the India Company with the Regulating Act. This was the first step to the eventual government control of India. The Act set up a system whereby it supervised (regulated) the work of the East India Company...
B) The defects of Regulating Act were: The jurisdiction of the Supreme Court was not clearly defined. The power of members of Council and the Governor General was not defined. Also, this Act made the position of Governor General weak...
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