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ACT,1784
INDEX
● REGULATING ACT,1773
● REASON OF BANKRUPTCY
● MAIN FEATURES OF REGULATING ACT
● DRAWBACKS
● PITT’S INDIA ACT, 1784
● CONCLUSION
● BIBLIOGRAPHY
REGULATING ACT,1773
After Battle of Plassey and Buxar – EIC became political power
Benefitted – British government
British government- Trade Monopoly to EIC
EIC - 4 Lakh pound to British government
After 1768 – EIC ‘s Financial condition declined (bankrupt)
In 1772 – Rather than giving money they asked for loan of 1 lakh
pound
British government wanted to revive EIC
They Introduced REGULATING ACT 1773
Main Aim- TO REGULATE OR SUPERVISE WORK OF EIC
REASON OF BANKRUPTCY
• BENGAL FAMINE • 2nd ANGLO MYSORE WAR
1769
● Crops failed+ EIC ● EIC v/s Hyder Ali
raised taxes