Enacted by the British Parliament in 1773.
Aimed to address corruption and mismanagement within the British East India Company.
Established the position of Governor-General of Bengal, with Warren Hastings as the first appointee.
Created the Governor-General in Council, consisting of the Governor-General and four Council members.
Introduced mechanisms for supervision and oversight of the company's activities.
Required approval from the British government for major financial and military matters.
Regulated the company's interactions with Indian princes and states.
Introduced a form of dual control, with both the company and the British government involved in governing India.
A precursor to later acts and reforms that shaped British governance in India, leading to the Government of India Act of 1858.
