Removal of managing-agent provisions from Companies Act confirmed, excising an obsolete agency regime by statutory amendment. Sections 356-369 of the Companies Act, 1956 were omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000, removing provisions that governed managing agents as redundant after their practical abolition by earlier reform.
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Removal of managing-agent provisions from Companies Act confirmed, excising an obsolete agency regime by statutory amendment.
Sections 356-369 of the Companies Act, 1956 were omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000, removing provisions that governed managing agents as redundant after their practical abolition by earlier reform.
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