HISTORY
MODERN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A Committee of 24
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A Secretary
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A Council of Lords
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A Board of Revenue
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Detailed explanation-1: -There was A Committee of 24 at home to, administer the East India Company, before the Regulating Act was passed in 1773. Regulating Act, (1773), legislation passed by the British Parliament for the regulation of the British East India Company’s Indian territories, mainly in Bengal.
Detailed explanation-2: -The Supreme Court of Judicature at Fort William in Calcutta, was founded in 1774 by the Regulating Act of 1773. It replaced the Mayor’s Court of Calcutta and was British India’s highest court from 1774 until 1862, when the High Court of Calcutta was established by the Indian High Courts Act 1861.
Detailed explanation-3: -The Regulating Act was passed due to the mismanagement by the British East India government that brought a situation of insolvency. This act permitted the company to retain its territorial custody in India but looked up to regulate the activities and functioning of the company.