Omission of managing-agent associateship provision clarifies Companies law no longer regulates managing agents after abolition. Section 249 concerning investigation of associateship with managing agents was omitted by the Companies (Amendment) Act, 2000 because provisions relating to managing agents had become redundant after the abolition of the managing-agent system by Act 17 of 1969, resulting in removal of that investigatory provision from the Companies Act, 1956.
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Provisions expressly mentioned in the judgment/order text.
Omission of managing-agent associateship provision clarifies Companies law no longer regulates managing agents after abolition.
Section 249 concerning investigation of associateship with managing agents was omitted by the Companies (Amendment) Act, 2000 because provisions relating to managing agents had become redundant after the abolition of the managing-agent system by Act 17 of 1969, resulting in removal of that investigatory provision from the Companies Act, 1956.
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