Question

what was the purpose of regulating act 1773 did it achieve its goal​

Answer 1

Explanation:

Regulating Act. Regulating Act, (1773), legislation passed by the British Parliament for the regulation of the British East India Company's Indian territories, mainly in Bengal.

Answer 2

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The British passed the regulating act of 1773 because-

1. The three presidencies were controlled directly by the governor general and his council.

2. There was mismanagement of finances made by the company due to which they had taken a loan of one million pound sterling.

3. The British wanted to maintain monopoly.

4. The company had lost monopoly in selling tea to North America.

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