The Regulating Act of 1773 was passed by the British Parliament to regulate the administration of the British East India Company in India.
It was the first major intervention by the British government in the affairs of the British East India Company, which had been operating in India for nearly a century by that point.
The Act created a new position called the Governor-General of Bengal, who would have authority over all British territories in India, and established a council of four members to assist the Governor-General.
The Act also required the British East India Company to submit regular reports and financial statements to the British government, and gave the government the power to intervene in the affairs of the company if necessary.
The Act was partly a response to the outbreak of violence in Bengal, including the infamous Black Hole of Calcutta incident, and was intended to improve the management and governance of the British East India Company in India.
However, the Act did not fully resolve the problems facing the British East India Company, and subsequent legislation such as the Pitt's India Act of 1784 would further modify the company's structure and governance.
The Regulating Act of 1773 was a significant step in the history of British rule in India, as it marked the beginning of a more direct role for the British government in the administration of the country.
