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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Central Government Can Remove Company Directors Under Companies Act 1956; No Compensation for Loss of Office</h1> The Central Government has the authority to remove any director or managerial personnel from a company based on a Tribunal's decision under the Companies Act, 1956. Once removed, the individual is barred from holding any related office for five years unless permitted earlier by the Tribunal. The removed individual is not entitled to compensation for loss of office. A replacement can be appointed with the Central Government's approval. These provisions override any conflicting laws, contracts, or company documents.
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