The Regulating act of 1773 got introduced to establish a central administrative system in British India. The act was brought to regulate the activities of the British East India company. Regulating Act, (1773), legislation passed by the British Parliament for the regulation of the British East India Company ’s Indian territories, mainly in Bengal. It was the first intervention by the British government in the company’s territorial affairs and marked the beginning of a takeover process that was completed in 1858. The Regulating Act 1773 (also written as the Regulating Act of 1773) was a significant legislative measure passed by the British Parliament to address the administrative and financial problems faced by the East India Company in India. The Regulating Act of 1773 was the initial step in the process of developing a constitution for India.4 The Regulating Act was, in fact, the very first step towards the creation of the Indian Constitution for the following reasons:
