Q. Which Act abolished the East India Company and transferred the powers of the government, territories and revenues to the British Crown?
Answer: Government of India Act, 1858
Notes: The Government of India Act of 1858 or the Act of Good Government of India abolished East India Company. It replaced the President of the Board of Control with a Secretary of State of India, who in subordination to the Cabinet, was the fountain of authority as well as the Director of policy in India.

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