The correct option is A Failure of Double Government
The British Parliament found it necessary to regulate the activities of the company in India and for this, the Regulating act of 1773 was passed. It was primarily passed to address the problem of dual system of governance instituted by Lord Clive. The main provisions of the act were the appointment of a governor-general of Fort William in Bengal with supervisory powers over the presidencies of Madras and Bombay.