Companies Act, 2013

Section 148

Power of Central Government to supersede Board of Directors

⚡ Quick Answer Reference: Section 148 Companies Act

Provision: Section 148 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 148 of Companies Act say?

If the Central Government is of the opinion that it is necessary or expedient so to do, it may, by order, supersede the Board of Directors of a company, and appoint one or more persons as directors of the company for a term not exceeding five years, to exercise all such powers and discharge such functions as the Board of Directors of the company had the power to exercise and discharge.

Indian StandardSection 148, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 148 (India)

Court Pleading StandardSection 148 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 148 Companies Act

What is Section 148 of Companies Act?

Section 148 of the Companies Act, 2013 (Companies Act) defines and regulates "Power of Central Government to supersede Board of Directors". The section states: If the Central Government is of the opinion that it is necessary or expedient so to do, it may, by order, supersede the Board of Directors of a company, and appoint one or more per...

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