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Friday, June 18, 2021

The Company Rule (1773- 1858)- Part I : Regulating Act (1773)

The Company Rule (1773- 1858) - Part I

Regulating Act of 1773:

This act is of great constitutional importance as:

  • It was the first step taken by the British Government to control and regulate the affairs of the East India Company (EIC) in India.
  • It recognized, for the first time, the political and administrative functions of the Company.
The Company Rule (1773- 1858)- Part I : Regulating Act (1773)
Features of the Act:

  • It is designated the Governor of Bengal as the 'Governor-General of Bengal' and created an Executive Council of four (4) members to assist him. The first such Governor-General was Lord Warren Hastings.
  • It made the governors of Bombay and Madras presidencies subordinate to the governor-general of Bengal, unlike earlier when the three (3) presidencies were independent of one another.
  • It prohibited the servants of the Company from engaging in any private trade or accepting presents or brines from the natives.
  • It strengthened the control of the British Government over the Company by requiring the Court of Directors (the governing body of the Company) to report on its revenue, civil, and military affairs in India. 

👉Previous page:The Crown Rule (1858- 1947) - Part IV : Morley-Minto Reforms (1909)

👉Next Page:The Company Rule (1773- 1858)- Part II : Pitt's India Act (1784)

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