As per Queen Victoria’s proclamation of 1858
1. British Crown assumed the sovereignty and control over all princely states and their subjects.
2. The crown would gradually introduce responsible government in India where subjects would be the source of power.
Explanation:
As per the proclamation, all treaties and agreements made with the Indian native princes under the authority of the East India company did not cease to exist but were there to stay and accepted by the crown.
The declaration expressed faith and the rights, dignity and status of the native princes. The Indian public was given an assurance that there would be no extension of the current territorial possessions.
The most important result was the now onwards the Indian Sepoys were enlisted in the regular service in the British Army and participated in the world wars in the next century.