Indian History

Regulating Act 1773

  • As per Regulation Act 1773, Warren Hastings was appointed as Bengal Governor General.
  • The Regulation Act, 1773 provided for the establishment of Supreme Court at Calcutta and Governor-Generals Council.
  • The Act gave the right of vote to shareholders for the election of Directors of the Company.
  • The directors elected for 4 years and 1/4 of them should retire every year.
  • Governor-General of Bengal, and the Governors of Bombay and Madras should be obedient to the orders of Directors.
  • Governor General of Bengal should act according to the majority opinion of his council.
  • The Governor-General was given a casting vote in case of tie.
  • Governor General had the power of control and supervision over the presidencies of Bombay and Madras.
  • Governors-in-Counci of Bombay and Madras must obey the orders of Governor General of Bengal.
  • The Act prohibited the receiving of presents and bribes by the servants of the company.
  • Rate of interest more than 12% should not be charged.
  • The office of the Governor of Bengal redesignated as Governor General of Bengal.
  • Receiving of presents and bribes by the company servants was prohibited.
  • Supreme Court was established with a Chief Justice and three other Judges. But it did not define the powers of the Supreme Court clearly. This led to the conflict between the Supreme Court and the Courts of the Company.
  • The Governor General Council consists 4 members.
  • Except in case of emergency and direct orders from the Directors in London Bombay and Madras Governors shall be obedient to the Governor General of Bengal.