Companies Act, 2013

Section 338

Power of Central Government to supersede the Regional Director

⚡ Quick Answer Reference: Section 338 Companies Act

Provision: Section 338 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 338 of Companies Act say?

If, at any time, the Central Government is of the opinion— (a) that on account of circumstances existing in any State or part thereof, it is necessary or expedient so to do in the public interest; or (b) that a company is being wound up and it is necessary or expedient so to do in the public interest, the Central Government may, by order, supersede the Regional Director for that State or part thereof, or for that company, as the case may be, for such period, not exceeding six months, as may be specified in the order.

Indian StandardSection 338, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 338 (India)

Court Pleading StandardSection 338 of the Companies Act, 2013

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

Common Questions about Section 338 Companies Act

What is Section 338 of Companies Act?

Section 338 of the Companies Act, 2013 (Companies Act) defines and regulates "Power of Central Government to supersede the Regional Director". The section states: If, at any time, the Central Government is of the opinion— (a) that on account of circumstances existing in any State or part thereof, it is necessary or expedient so to do in the ...

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