Which one among the following was not a provision of the Regulating Act of 1773 ?
It introduced Parliamentary supervision over the East India Company
The Government of Bengal was vested in a Governor General and the Council of four members
It changed the power of vote in the Court of Proprietors by removing all restrictions on qualifications
The Governor General was vested with a casting vote
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CAPF – 2014
The Regulating Act of 1773 was the first step by the British Parliament to regulate the affairs of the East India Company in India, thereby introducing parliamentary supervision (A). It reorganized the administration in Bengal by appointing a Governor-General (Warren Hastings) and a Council of four members (B). The Act also granted the Governor-General a casting vote in case of a tie in the Council (D). However, concerning the Court of Proprietors (shareholders of the Company), the Act *raised* the voting qualification from £500 to £1000 shareholding, effectively *restricting* the franchise and reducing the number of eligible voters, rather than removing restrictions (C).
– Key provisions of Regulating Act 1773: Governor-General of Bengal with a Council, casting vote for Governor-General, establishment of Supreme Court in Calcutta, ban on private trade by company servants, raising voting qualification for Court of Proprietors.
– Aim: To control and regulate the affairs of the East India Company.