Special resolution for sole selling agents avoids repeat shareholder approval; only Central Government approval is required. Where authority conferred by a special resolution is already in force for the appointment of sole selling agents, a fresh shareholders' approval is not required before applying for Central Government approval under section 294AA; only the additional sanction of the Central Government is necessary.
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.
Special resolution for sole selling agents avoids repeat shareholder approval; only Central Government approval is required.
Where authority conferred by a special resolution is already in force for the appointment of sole selling agents, a fresh shareholders' approval is not required before applying for Central Government approval under section 294AA; only the additional sanction of the Central Government is necessary.
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