TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Companies Act Section 197A: Limits on Appointing Multiple Managerial Roles to Prevent Conflicts and Ensure Clear Management.</h1> Section 197A of the Companies Act, 1956, prohibits companies from appointing or employing more than one category of certain managerial personnel simultaneously. This restriction applies to the roles of managing director and manager, following the commencement of the Companies (Amendment) Act, 1960. The provision aims to prevent conflicts of interest and ensure clear management structures within companies. The roles of managing agents and secretaries and treasurers were omitted by the Companies (Amendment) Act, 2000, as they became redundant after the abolition of the managing agent system.
TaxTMI 
TaxTMI 
