Regulating Act 1773
The Basics
The Regulating Act of 1773 was the first major parliamentary act controlling East India Company affairs.
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Acts of British Parliament regulating Company administration before 1858
The Basics
The Regulating Act of 1773 was the first major parliamentary act controlling East India Company affairs.
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The Regulating Act of 1773 had given Parliament its first foothold over the East India Company, but its defects soon became clear. The Governor-General, Warren Hastings, could be overruled by his own Council of three, and the British Government still had no formal power over Company policy in India.
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By 1793, the Company's twenty-year trading charter was due for renewal. Parliament used this chance to review the system of governance built since 1773.
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By 1813, the East India Company alone held the right to trade between Britain and India. It also governed vast Indian territories and collected their revenues.
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By 1833, the East India Company still held one last commercial privilege. This was its monopoly over trade in tea and trade with China. Everything else about its trading role had already ended in 1813. But the Company still ran the government of British India. It collected revenues and appointed its own officials. All this was watched over by the Board of Control, set up by Pitt's India Act of 1784.
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By the 1850s, reformers in Britain wanted a more efficient administration. They also wanted to reduce patronage in appointments. The Company's trading role had already ended in 1833. So the Charter Act of 1853 dealt mainly with administration and civil service reforms, not commerce.
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