Following the Indian Rebellion of 1857, the Company was accused of mismanagement, and Bombay reverted to the British Crown. On 2 August 1858, the British Parliament began abolition of the Company and asserted full, direct Crown authority over India. The execution was slow. The Company for purposes of liquidation maintained its formal existence until 1874. India was thereafter directly ruled by the Crown as a colony of the United Kingdom, and officially known as the Empire of India after 1876. India consisted of some regions referred to as British India that were directly administered by the British and other regions called the Princely States that were ruled by Indian rulers.