Question

Describe the salient features of the Regulating Act of 1773

Answer 1

The Regulating Act of 1773 was an act of Parliament if Britain .Its main aim was to overhaul the management of The East India Company's rule in India.
Following are the features of the ACT :-
* It designated the Governor -general of Bengal .
*It created the Executive Council of four members to assist him.
* Lord Warren Hastings was the first Governor General of Bengal.
*It helped in the establishment of the Supreme Court at Calcutta in 1774.
*It prohibited the servants of the company from engaging in any private trade or accepting presents or bribe from the natives .

Answer 2

#This act provided for the appointment of a governor-general in Calcutta,who was to supervise the governors of Madras and Bombay

#The company's directors had to show all its correspondense and documents to the Britain government

#Also,to curb curruption ,all officials the company had to furnish details of their assets