Merits and demerits of the regulating Act:
The significance of the Regulating Act is that it Drought the affairs of the Company under the control of the parliament. Besides, it proved that the parliament of England was concerned about the welfare of Indians. The greatest merit of this Act is that it put an end to the arbitrary rule of the company and provided a framework for all future enactments relating to the governing of India.
The main defect of the act was that the Governor- General was made powerless because the council which was given supreme power often created deadlock by over-ruling his decision. However many of these defects were rectified by the Pitt’s India Act of 1784.