Companies Act, 2013

Section 433

Power of Central Government to supersede Board of Directors

⚡ Quick Answer Reference: Section 433 Companies Act

Provision: Section 433 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 433 of Companies Act say?

If the Central Government is satisfied that it is necessary to do so, it may, by order, supersede the Board of Directors of a company, and appoint one or more persons as directors of the company for a term not exceeding five years, to manage the affairs of the company.

Indian StandardSection 433, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 433 (India)

Court Pleading StandardSection 433 of the Companies Act, 2013

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

Common Questions about Section 433 Companies Act

What is Section 433 of Companies Act?

Section 433 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 satisfied that it is necessary to do so, it may, by order, supersede the Board of Directors of a company, and appoint one or more persons as directors ...

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