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what is regulating act
? Related: Development After Aurangzeb’s Death
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what is regulating act Related: Development After Aurangzeb’s Death?
The Regulating Act of 1773 (formally, the East India Company Act 1772) was an Act of the Parliament of Great Britain intended to overhaul the management of the East India Company's rule in India.
The chaotic situation brought about by the misgovernment of Bengal forced the British parliament to enquire into the affairs of the East India Company. This revealed gross malpractices of the senior officials of the company. The company was also facing a financial crisis at this time and had applied to the British government for a loan of one million pounds. The British Parliament found it necessary to regulate the activities of the company in India and for this, the Regulating act of 1773 was passed.
The chaotic situation brought about by the misgovernment of Bengal forced the British parliament to enquire into the affairs of the East India Company. This revealed gross malpractices of the senior officials of the company. The company was also facing a financial crisis at this time and had applied to the British government for a loan of one million pounds. The British Parliament found it necessary to regulate the activities of the company in India and for this, the Regulating act of 1773 was passed.
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what is regulating act Related: Development After Aurangzeb’s Death?
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what is regulating act Related: Development After Aurangzeb’s Death? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about what is regulating act Related: Development After Aurangzeb’s Death? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is regulating act Related: Development After Aurangzeb’s Death?.
what is regulating act Related: Development After Aurangzeb’s Death? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about what is regulating act Related: Development After Aurangzeb’s Death? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is regulating act Related: Development After Aurangzeb’s Death?.
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