Thursday, January 3, 2013

Regulating Act 1773

  • First step to control and regulate the affairs to compamy
  • Political and administrative functions to company
  • Foundation of central administration in India
  1. Governer General of Bengal. Executive council of 4 members.Lord Warren Hastings
  2. Madras and Bombay presidencies sub-ordinate to Bengal.Earlier they were independent.
  3. Supreme court of Calcutta . 1774.  1 CJ + 3 Judges.
  4. Servants of company-no private trade,no bribes,no presents-> from natives.
  5. Court of directors.Strengthened Govt control over company.Must report revenue,civil& military affairs.

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