what was the main aim of regulating act
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Answer:
The Regulating Act was the first attempt made by the Parliament or by the British Government to operate and regulate the affairs of the company. It set the foundations of central administration in India. It recognized for the first time the administrative and political functions of EAST INDIA COMPANY.
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Explanation:
The Regulating Act of 1773 was an Act of the Parliament of Great Britain intended to overhaul the management of the East India Company's rule in India.
Originally published: 1773
Introduced by: Frederick North, Lord North on 18 May 1773
Relates to: 13 Geo. 3 c. 64
Territorial extent: Great Britain; Bengal Presidency; Madras Presidency; Bombay Presidency
Royal assent: 10 June 1773
Citation: 13 Geo. 3 c. 63
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