Companies Act, 2013

Section 324

Power of Central Government to supersede Board of Directors

⚡ Quick Answer Reference: Section 324 Companies Act

Provision: Section 324 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 324 of Companies Act say?

If the Central Government is of the opinion that it is necessary or expedient so to do, in public interest, the Central Government may, by order, supersede the Board of Directors of a company, and thereupon, the powers of the Board shall, subject to the superintendence and direction of the Central Government, be exercised by such person or persons as the Central Government may appoint.

Indian StandardSection 324, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 324 (India)

Court Pleading StandardSection 324 of the Companies Act, 2013

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

Common Questions about Section 324 Companies Act

What is Section 324 of Companies Act?

Section 324 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, in public interest, the Central Government may, by order, supersede the Board of Directors o...

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