➔ First Act by British Parliament to control the East India Company.

➔ It laid the foundation for a centralized administration.

➔ Governor of Bengal became Governor-General of Bengal.

Warren Hastings appointed as First Governor-General of Bengal.

➔ Council of 4 members appointed to assist him.

➔ Madras & Bombay presidencies brought under control of Governor-General-in-Council.

➔ Established Supreme Court at Fort William in Calcutta (1774) — Chief Justice + 3 judges.

Sir Elijah Impey appointed as First Chief Justice.