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of <h1>Section 377 of Companies Act, 1956 Removed: Managing Agent Director Appointment Restrictions Abolished by 2000 Amendment</h1> Section 377 of the Companies Act, 1956, which imposed restrictions on the right of managing agents to appoint directors, was omitted by the Companies (Amendment) Act, 2000. This change followed the abolition of the managing agent system by Act 17 of 1969, rendering the provisions redundant.
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