43:
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overhauled the management of the India
Company with the Regulating Act. The EIC had taken over large areas of India for trading purposes and had an army to protect its interests. Company men were not trained to govern, so North's government began moves towards government control since India was of
322:
under Bengal's control. It laid the foundations for a centralized administration in India. Governor of Bengal became the
Governor General of Bengal with an executive council of four to assist him. Decisions would be taken by majority and Governor General could only vote in case of
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Establishment of
Supreme Court at Calcutta with Sir Elijah Impey as first chief justice. Court has both the Civil and criminal jurisdiction. With original & appellate jurisdiction.
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was therefore subsequently enacted in 1784 as a more radical reform. It marked the first step towards parliamentary control over the company and centralised administration in India.
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national importance. The Act set up a system whereby the
British government supervised the work of the EIC. Company shareholders opposed the Act, and the EIC was still a powerful
241:(equivalent to £46.1 million in 2015) annually to the government to maintain its monopoly but had been unable to meet its commitments since 1768 because of the loss of
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and the government. It had 15 million lbs (6.8 million kg) of tea rotting in
British warehouses and more en route from India. The Regulating Act 1773, complemented by the
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It has permitted the company to keep back its territorial possession in India. It has not given the complete power to company hence called as
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1773, had the principal objective of reducing the surplus of tea held by the financially troubled EIC and improve its financial standing.
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It prohibited the servants of company from engaging in any private trade or accepting presents or bribes from the "natives".
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356:(1774). British judges were to be sent to India to administer the British legal system that was used there.
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366:. Ultimately, we can conclude that it was the first step towards parliamentary control over the company.
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226:(EIC) was in dire financial straits. The company was important to the British Empire because it was a
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First step taken by the
British government to regulate and control the company's affairs in India.
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An Act for establishing certain
Regulations for the better Management of the Affairs of the
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The Act named four additional men to serve with the
Governor-General on the
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and the east, and many influential people were shareholders. The EIC paid
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loan (passed by an accompanying act, 13 Geo. 3 c. 64) and restricted the
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407:"Regulating Act | Great Britain [1773] | Britannica"
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482:, s. 1 included a comma; the modern convention for the citation of
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447:(8th ed.). New York, NY: Oxford UP. p. 19n5.
249:. About 85% of all the tea in America was smuggled
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272:in Parliament despite its financial problems.
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208:East India Company's rule in India (Bengal)
206:intended to overhaul the management of the
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398:
27:Act of the Parliament of Great Britain
503:Great Britain Acts of Parliament 1773
486:omits the comma after the word "Act".
420:The making of British India 1756-1858
183:Text of statute as originally enacted
7:
253:tea. The EIC owed money to both the
348:A Supreme Court was established at
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314:and subsumed the presidencies of
478:Short title as conferred by the
276:Provisions of the Regulating Act
41:
1:
302:The Act elevated Governor of
513:Legislation in British India
387:Government of India Act 1858
523:Frederick North, Lord North
204:Parliament of Great Britain
196:East India Company Act 1772
94:Frederick North, Lord North
48:Parliament of Great Britain
36:East India Company Act 1772
18:East India Company Act 1772
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518:British East India Company
312:Governor-General of Bengal
32:United Kingdom legislation
328:Supreme Council of Bengal
281:The Act limited Company
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285:to 6% until it repaid a
102:Territorial extent
445:A New History of India
377:East India Company Act
508:1773 in British India
480:Short Titles Act 1896
293:to four-year terms.
192:Regulating Act 1773
154:10 June 1773 1:00pm
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291:Court of Directors
224:East India Company
62:East India Company
454:978-0-19-533756-3
337:, George Monson,
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159:Other legislation
125:Bombay Presidency
120:Madras Presidency
115:Bengal Presidency
16:(Redirected from
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441:Wolpert, Stanley
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382:Pitt's India Act
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212:Pitt's India Act
176:Status: Repealed
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308:Warren Hastings
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335:John Clavering
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270:lobbying group
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484:short titles
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350:Fort William
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150:Commencement
144:21 June 1773
140:Royal assent
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425:page 133-39
423:Ramsay Muir
497:Categories
393:References
265:Lord North
218:Background
164:Relates to
56:Long title
283:dividends
245:sales to
198:) was an
168:13 Geo. 3
83:13 Geo. 3
443:(2009).
371:See also
354:Calcutta
228:monopoly
78:Citation
259:Tea Act
247:America
239:£40,000
202:of the
170:. c. 64
85:. c. 63
451:
341:, and
332:Lt-Gen
320:Bombay
316:Madras
304:Bengal
70:Europe
68:as in
466:Notes
287:£1.5m
251:Dutch
235:India
134:Dates
66:India
449:ISBN
323:tie.
318:and
190:The
352:at
310:to
243:tea
233:in
200:Act
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430:^
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20:)
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