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        Companies Law

        Section 618 - Government companies not to have managing agents.

        Companies Act, 1956
        Chapter XIII
        GENERAL

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        Prohibition on managing agents in government companies removed, altering corporate management eligibility and statutory constraint. Section 618 of the Companies Act, 1956 prohibited government companies from engaging managing agents; that provision was omitted by subsequent amendment, removing the statutory bar and changing the regulatory constraint on government companies' appointment of managing agents.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Prohibition on managing agents in government companies removed, altering corporate management eligibility and statutory constraint.

                              Section 618 of the Companies Act, 1956 prohibited government companies from engaging managing agents; that provision was omitted by subsequent amendment, removing the statutory bar and changing the regulatory constraint on government companies' appointment of managing agents.


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