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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.
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Manish Singh (Expert) 02 March 2009
under section 401 of the Companies Act, tyhe Central Govt possess such powers.

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