Question

When and by whom was the regulating Act passed ? Examine the administrative changes brought about by this Act.

Answer 1

Answer:

The Regulating Act was passed by the British parliament in 1773 to regulate the affairs of the East India Company. Its main object was to bring the company under the control of the British parliament.

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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