Companies Act, 2013

Section 264

Manner of supersession of Board of Directors

⚡ Quick Answer Reference: Section 264 Companies Act

Provision: Section 264 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India
Liability / Punishment: None

Statutory Content

What does Section 264 of Companies Act say?

The supersession of the Board of Directors of a company under section 263 shall be made by an order in writing by the Central Government and such order shall be published in the Official Gazette and the company shall be bound to comply with the order and the person or persons appointed to manage the company shall be entitled to receive such remuneration as the Central Government may fix.

Indian StandardSection 264, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 264 (India)

Court Pleading StandardSection 264 of the Companies Act, 2013

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

Criminal Liability

Punishment under Section 264 Companies Act

None

Common Questions about Section 264 Companies Act

What is Section 264 of Companies Act?

Section 264 of the Companies Act, 2013 (Companies Act) defines and regulates "Manner of supersession of Board of Directors". The section states: The supersession of the Board of Directors of a company under section 263 shall be made by an order in writing by the Central Government and such order shall be published in the Of...