East India House East India House East India House was the London headquarters of the East India Company, from which much of British India was governed until the British government took control of the Company's possessions in India in 1858. It was located in Leadenhall Street in the City of London. The first East India House on the site was an Elizabethan mansion, previously known as Craven House, which the Company first occupied in 1648. This was completely rebuilt in 1726–29; and further remodelled and extended in 1796–1800. It was demolished in 1861. The Lloyd's building, headquarters for Lloyd's of London, was built
Government of India Act 1858 the grave defects in the existing system of the government of India. However, before this bill was to be passed, Palmerston was forced to resign on another issue. Later Edward Henry Stanley, 15th Earl of Derby (who would later become the first Secretary of State for India) introduced another bill which was originally titled as "An Act for the Better Government of India" and it was passed on 2 August 1858. This act provided that India was to be governed directly and in the name of the Crown. The Indian Rebellion of 1857 forced the British Government to pass the