why did the british parliament pass the regulating act of 1773
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The East India Company owed money to both the Bank of England and the government: ithad 15 million lbs (6.8 million kg) of tea rotting in Britishwarehouses and more en route from India.The Regulating Act of 1773, was complimented by the Tea Act of 1773, which had a principal objective was to reduce the massive amount
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The British Parliament found it necessary to regulate the activities of the company in India and for this, the Regulating act of 1773 was passed. This was the first direct interference made by the British government in the affairs of India. ... The defects of the regulating act became clear very soon.
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