Regulating Act 1773, main provision and merits & demerits
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- Regulatory Act 1773 laid foundation of Central Administration and Parliamentary Control.
- It ended the rule of the EIC and framed forthcoming administration and Parliamentary control to governing of India.
- Governor General was not given a free hand in majority decisions of his council.
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The significance of the Regulating Act is that it brought the affairs of the Company under the control of the Parliament. Besides, it proved that the Parliament of England was concerned about the welfare of Indians.
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