Why was the Regulating Act passed?

The Regulating Act of 1773 was passed by the British Parliament to address the administrative and governance issues faced by the British East India Company in India. It aimed to curb the corruption and mismanagement that was rampant among Company officials by establishing a framework for the governance of British territories in India. The Act also created a system of oversight by placing the Company under the authority of the British government, thereby marking the beginning of parliamentary control over Indian affairs. Additionally, it established a Governor-General and a regulatory council to improve administration and ensure accountability.