In the aftermath of the Indian Rebellion of 1857, under the provisions of the Government of India Act 1858, the British government nationalized the EIC. The Crown took over its Indian possessions, its administrative powers and machinery, and its armed forces. The EIC was officially dissolved in 1858 and the rebellion also led the British to reorganize the army, the financial system, and the administration in India. The country was thereafter directly governed by the Crown as the new British Raj.
