Iii. According to the regulating act 1773 the term of office of the court of directors was increased from one to four years.
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Provisions of the Regulating Act
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". ... A supreme court was established at Fort William at Calcutta.
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