Explanation: In a bid to rectify the defects of the Regulating Act of 1773, the British
Parliament passed the Amending Act of 1781, also known as the Act of
Settlement. The next important act was the Pitt’s India Act of 1784.
Features of the Act:
- It distinguished between the commercial and political functions of the Company.
- It allowed the Court of Directors to manage the commercial affairs but
created a new body called Board of Control to manage the political affairs. Thus, it established a system of double government.
- It empowered the Board of Control to supervise and direct all operations
of the civil and military government or revenues of the British possessions in India.
4.The Company’s territories in India were for the first time called the ‘British possessions in India’.
- British Government was given the supreme control over Company’s affairs and its administration in India
Explanation: In a bid to rectify the defects of the Regulating Act of 1773, the British
Parliament passed the Amending Act of 1781, also known as the Act of
Settlement. The next important act was the Pitt’s India Act of 1784.
Features of the Act:
- It distinguished between the commercial and political functions of the Company.
- It allowed the Court of Directors to manage the commercial affairs but
created a new body called Board of Control to manage the political affairs. Thus, it established a system of double government.
- It empowered the Board of Control to supervise and direct all operations
of the civil and military government or revenues of the British possessions in India.
4.The Company’s territories in India were for the first time called the ‘British possessions in India’.
- British Government was given the supreme control over Company’s affairs and its administration in India