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reconstituing company -board

(Querist) 27 February 2009 This query is : Resolved 
In the satyam scam issue and even the earlier issue RBF NIDHI(Oppression and mismangement with the depositors stake) , the company law board reconstituted the Board with the Government appointed members.
I need the legal provisions in detail which empowers the company law board in reconstuting the board, with any supporting case laws, if any.
Manish Singh (Expert) 02 March 2009
under section 401 of the Companies Act, tyhe Central Govt possess such powers.


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