Q8. Why was the Regulating Act Passed ?
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The British Parliament found it necessary to regulate the activities of the company in India and for this, the Regulating act of 1773 was passed. ... Its purpose was to take a step towards removing the political power from the hands of a trading company.
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The Regulating Act of 1773 (formally, the East India Company Act 1772) was an Act of the Parliament of Great Britain intended to overhaul the management of the East India Company's rule in India.
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