Companies Act, 2013

Section 409

Power of Central Government to supersede Board of Directors

⚡ Quick Answer Reference: Section 409 Companies Act

Provision: Section 409 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 409 of Companies Act say?

If the Central Government is of the opinion that it is necessary or expedient so to do, for the better carrying out of the provisions of this Chapter, it may, by order in writing, supersede the Board of Directors of a company for such period, not exceeding five years, as may be specified in the order, and the Board of Directors so superseded shall be deemed to be vacated from the date of the order of supersession.

Indian StandardSection 409, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 409 (India)

Court Pleading StandardSection 409 of the Companies Act, 2013

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

Common Questions about Section 409 Companies Act

What is Section 409 of Companies Act?

Section 409 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, for the better carrying out of the provisions of this Chapter, it may, by order in writing, ...

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