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of <h1>Section 384 of Companies Act, 1956 bans firms from managerial roles; 1960 amendment extends to all companies.</h1> Section 384 of the Companies Act, 1956, prohibits any company from appointing or employing a firm, body corporate, or association as its manager after the commencement of the Act. Furthermore, companies are not allowed to continue such appointments or employments beyond six months from the Act's commencement. This provision was amended by the Companies (Amendment) Act, 1960, which replaced the original text to apply the restriction to all companies, removing the earlier distinction between public companies and private subsidiaries of public companies.
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