धारा 338

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.