Question

Why did Regulating Act fail to regulate the Company’s power?

Answer 1

The Regulating Act 1773 was an Act of the Parliament of Great Britain intended to overhaul the management of the East India Company's rule in India.[1] The Act did not prove to be a long-term solution to concerns over the Company's affairs; Pitt's India Act was therefore subsequently enacted in 1784 as a more radical reform.

Answer 2

Answer:

The Regulating Act fail to regulate the Company’s power since it did not show any benefit for the Indian population who were actually paying revenue to the company. The Governor-General had no veto power.

Explanation:

• The regulating Act of 1773 was passed by the British Parliament for controlling the territories of the East India Company largely in Bengal.
• This regulatory act was passed for managing the  misgovernment by the British East India government that led to a situation of bankruptcy. It was due to this reason that the  government had to intervene and manage the  with  the Company with the help of this Act.
• The regulating Act did not stop corruption among the company officials.  The powers of the Supreme Court were not well-defined.

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