The first ever act passed in india-Regulating act of 1773 #upsc #upscmotivation #regulatingact1773

The Regulating Act of 1773 was a British law passed by Parliament to regulate the British East India Company's affairs in India. It was a significant step towards centralizing British control over the Company's territories and establishing a more formal system of governance.
Key provisions of the Regulating Act included:
* Establishment of a Supreme Court: The Act established a Supreme Court at Fort William (Calcutta) with a Chief Justice and three puisne judges. This court had jurisdiction over all civil and criminal cases involving British subjects in India.
* Appointment of a Governor-General: The Act appointed a Governor-General with the power to veto the decisions of the Council of the Company. This strengthened the executive authority of the Governor-General.
* Restructuring of the Company's Council: The Council of the Company was reduced from 24 to 12 members, with the Governor-General and three senior members forming a "Select Committee" to handle the most important matters.
* Restrictions on the Company's trade: The Act placed restrictions on the Company's trade, particularly its trade in tea and salt. This was intended to reduce the Company's monopoly on these commodities and increase government revenue.
The Regulating Act was a significant step towards British control over India, but it did not fully solve the problems facing the Company's administration. The Act was followed by the Pitt's India Act of 1784, which further tightened British control over the Company and established a Board of Control to oversee its affairs.