Question

why did British government passed the regulating act of 1773. in Two line​

Answer 1

In 1600 AD, the British East India Company was granted a charter to trade in East. ... Thus a series of acts, beginning from regulating act 1773, were passed to regulate the affairs of the company; renew its charters; provide for government in India; provide for civil and criminal laws and so.

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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