> The Indian Rebellion of 1857 (also known as the Indian Mutiny) resulted in widespread devastation in India: many condemned the East India Company for permitting the events to occur.[62] In the aftermath of the Rebellion, under the provisions of the Government of India Act 1858, the British Government nationalised the company. The Crown took over its Indian possessions, its administrative powers and machinery, and its armed forces.
The company remained in existence in vestigial form, continuing to manage the tea trade on behalf of the British Government (and the supply of Saint Helena) un…