Which of the following are the features of Regulating Act of 1773?
1. Governor of Bengal was designated as the Governor General.
2. A Supreme Court was established in Calcutta.
3. East India Company got constitutional status.
Which of the above statement(s) is/are correct?
The British Parliament passed the Regulating Act in 1773 by which changes were introduced in the administrative structure of the company both in England and in India. The number of the Directors of the Company was taken to 24. In India the Governor of Bengal came to be designated as the Governor General.
As per the provisions of the Act, a Supreme Court was established at Calcutta comprising of a Chief Justice and three other Judges. The special feature of the Act was that apart from granting the status of a trading company, it also conferred the East India Company constitutional status and provided it with political powers.