The Regulating Act of 1773 (1 янв 1773 г. – 31 дек 1773 г.)

Описание:

- Recognized 1st time the political and administrative functions of the company
- Bengal --> Administration to be carried out by the Governor General of Bengal and a council consisting 4 other members(Warren Hasting+others) --> Majority Rule
- Governors of Bombay and Madras presidencies made subordinate to the Bengal
- Control on Court of Directors --> submit all correspondence regarding revenue affairs, and civil and military administration to the government i.e ****1st time the British Cabinet was given the right to exercise control****
- SC of Calcutta with 1 CJI and 3 Judges of Judicature established with original and appellate jurisdictions
(Ist CJI Sir Elijah Impey)
- Whole system based on checks and Balances
- Prohibited the servants of the company from engaging in the private trade or accepting presents or bribes from the 'natives'

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