Section 384 - Firm or body corporate not to be appointed manager.

Prohibition on corporate or firm managers: companies must not appoint collective entities as managers and must end such appointments promptly.

Section 384 prohibits the appointment or employment of a firm, body corporate or association as a company's manager and requires any such existing appointment to be terminated within six months of the Act's commencement, reflecting an amendment that broadened the prohibition beyond its original limited application.