Companies Act, 2013

Section 313

Power of Central Government to supersede Board of Directors

⚡ Quick Answer Reference: Section 313 Companies Act

Provision: Section 313 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 313 of Companies Act say?

If the Central Government is satisfied that it is necessary to do so in public interest or for a company to comply with any direction given under this Chapter, it may, by order, supersede the Board of Directors of a company for such period, not exceeding five years, as may be specified in the order.

Indian StandardSection 313, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 313 (India)

Court Pleading StandardSection 313 of the Companies Act, 2013

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

Common Questions about Section 313 Companies Act

What is Section 313 of Companies Act?

Section 313 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 satisfied that it is necessary to do so in public interest or for a company to comply with any direction given under this Chapter, it may, by order, su...

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