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I think that the East India Company was handed over to the crown since those who were overseeing the EIC was inept.
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I hope this is what you are looking for. Sorry if not.
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What was the Queen proclamation?
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Proclamation, by the Queen in Council, to the Princes, Chiefs and People of India. In the aftermath of the Indian Rebellion (1857), the British Parliament passed the Government of India Act, transferring the rights and administrative authority of the East India Company to the British Crown.