Section 418 Companies Act Explained: Power of Central Government to supersede Regional Director | Nyaya

Statutory Content

What does Section 418 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, it is necessary or expedient so to do in the public interest; or (b) that a company is being managed in a manner prejudicial to the public interest, the Central Government may, by order, supersede the Regional Director for such period, not exceeding six months, as may be specified in the order.

Indian StandardSection 418, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 418 (India)

Court Pleading StandardSection 418 of the Companies Act, 2013

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

Common Questions about Section 418 Companies Act

What is Section 418 of Companies Act?

Section 418 of the Companies Act, 2013 (Companies Act) defines and regulates "Power of Central Government to supersede 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, it is necessary or expedient so to do in the public interest;...

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