What were the defects in the Regulating Act?
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The regulating Act of 1773 was passed by the British Parliament to control the territories of the East India Company majorly in Bengal. This act was passed due to the misgovernment by the British East India government that introduced a situation of bankruptcy and the government had to interfere with the affairs of the Company.
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The major drawbacks of The Regulating Act of 1773 are stated below: The Governor-General had no veto power. It did not address the concerns of the Indian population who were paying revenue to the company. It did not stop corruption among the company officials.
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