Dual Control System: It established the dual system of control by the British government and the East India Company. The Company became a subordinate department of the State and its territories in India were termed ‘British possessions’. However, it retained the control ...

Regulating Act, 1773: •Company Retains Possessions: This act permitted the company to retain its territorial possessions in India but sought to regulate the activities and functioning of the company. •Control over Indian Affairs: Through this act, for the first time, ...