Regulating Act, 1773, Constitutional History
Regulating Act, 1773, Constitutional History
Regulating Act, 1773, Constitutional History
com
The reasons behind passing the regulating act by the British government
were:-
1. The corruption amongst the servants of the East India company was
increasing rapidly.
2. All the servants and officers of the East India company started making
indirect profit keeping dust in the eye of the British government.
3. There were only civil courts in the company. It lacked proper judicial
administration.
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4. In England, the public started forming opinions against the company.
5. The company started making policies in fear of losing control over
administration.
Provisions of Regulating Act, 1773
After the passing of the Regulating Act, 1773, the control and supervision
of the company came under the British government. The court of directors
were instructed to place all important documents coming from India before
the British cabinet minister known as chancellor of exchequer (the revenue
secretariat of England) and secretary of state in political affairs. Slowly
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and steadily, England wanted to vent in Indian administration. And to
some extent, they were successful too.
Conclusion
It is still said and asked, "what the era it was, were we ransacked or
surrendering to be robbed." Why we could not see the company as a
termite to our Indian heritage. The company, in the name of trading, was
exploiting Indian labour and took undue advantage of poor people.
Now, we are independent and have a right to free trade and commerce
under Article 19 of the Constitution of India. India is now a democratic
and sovereign country.
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