Prohibition on appointment of managing agents: former statutory provisions removed as redundant after abolition of the managing agent system. Prohibition on appointment of managing agents under Sections 324-348 originally set out limits on when companies could appoint managing agents and ... Summary
Prohibition on appointment of managing agents: former statutory provisions removed as redundant after abolition of the managing agent system.
Prohibition on appointment of managing agents under Sections 324-348 originally set out limits on when companies could appoint managing agents and regulated their roles; those Chapter III provisions were later omitted as redundant after the legislative abolition of the managing agent system, so the Companies Act no longer contains the former statutory framework for appointing managing agents.
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