Correct option is B
The British Parliament transferred the powers of the East India Company to the British crown in 1858.This event is known as the India Act of 1858 or the Government of India Act 1858.
• The act was passed by the British Parliament following the Indian Rebellion of 1857, also known as the Indian Mutiny, which had exposed the weaknesses of the East India Company's rule in India.
• The act abolished the East India Company's role in governing India and transferred its powers and responsibilities to the British Crown, marking the beginning of the British Raj, which lasted until India gained independence in 1947.
• The act also established the Secretary of State for India, who was a member of the British Cabinet and had ultimate authority over British India.