■ REGULATING ACT 1773
#Historicalbackground
◇ Governor of Bengal will now be Governor-General of Bengal.
◇ Created an Executive Council of 4 members to assist him.
◇ First Governor General was Warren Hastings.
◇ Establishment of Supreme court in Calcutta. Comprising 1 CJI and 3 other Judges.
◇ Prohibited the Servants from engaging in any Private Trades and taking Bribes from Natives.
◇ Court of Directors will report about the functioning of EIC to Government.
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