Drawbacks of the Regulating Act of 1773
There are drawbacks of the regulating act of 1773, few of which are stated below
- The Governor-General was not given veto power.
- The company failed to answer the problems of the Indian population who were paying revenue to it.
- The powers of the Supreme Court were not demarcated.
- The act failed to empower parliament to examine the reports submitted by the Governor-General which hindered India’s governance in terms of accountability and transparency.
- The corruption of company officials continued.
- The Bengal Governor General’s authority was extremely limited. The decisions were made according to the executive council’s majority. It was one of the main drawbacks of the Charter Act of 1773
Regulating Act 1773 – Modern Indian History For UPSC
The Regulating Act of 1773 marked a turning point in British India, addressing corruption in the East India Company. It empowered the British government to regulate the company’s affairs, appointing a Governor-General and establishing a Supreme Court. This legislation laid the groundwork for subsequent reforms, shaping the governance of colonial India.
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