In 1783, Charles Fox wrote an East India Bill that transferred Indian lands to crown authority, under a Board of Commissioners. It passed with a big majority in the Commons, but George III put pressure on the Lords to stop it. What if it had passed? What would be the effect of the Raj happening so much earlier?
Faster or slower conquests? It's worth bearing in mind the trading side of the company is still there.
I'd also be interested if anybody has more detail what was in the bill. I can't find that much online.