Companies Act, 2013

Section 356

Power of Central Government to supersede Board of Directors

⚡ Quick Answer Reference: Section 356 Companies Act

Provision: Section 356 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 356 of Companies Act say?

The Central Government may, if it is satisfied that it is necessary in the public interest so to do, by order, supersede the Board of Directors of a company, and appoint one or more persons as directors in place of the existing directors for a term not exceeding five years, or for the remaining period of their term of office, whichever is shorter, and where such an order has been made, the previous approval of the Tribunal shall be required for any alteration in the articles of the company.

Indian StandardSection 356, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 356 (India)

Court Pleading StandardSection 356 of the Companies Act, 2013

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

Common Questions about Section 356 Companies Act

What is Section 356 of Companies Act?

Section 356 of the Companies Act, 2013 (Companies Act) defines and regulates "Power of Central Government to supersede Board of Directors". The section states: The Central Government may, if it is satisfied that it is necessary in the public interest so to do, by order, supersede the Board of Directors of a company, and appoint one or mor...

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