Appointment to be approved by Government - Whether, where the section is not attracted to appointment of sole selling agent at the time of entering of agreement, it will be obligatory to comply with the section for continuance of appointment for remaining duration of current tenure
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Approval requirement for sole selling agents clarified: existing appointments need not obtain government approval for current tenure. If the government approval provision did not apply when a sole selling agent was appointed, companies need not obtain such approval for the agent's ... Summary
Approval requirement for sole selling agents clarified: existing appointments need not obtain government approval for current tenure.
If the government approval provision did not apply when a sole selling agent was appointed, companies need not obtain such approval for the agent's continuance for the remainder of the current tenure; however, any extension of that appointment is subject to the approval requirement if the provision becomes applicable later, for example by the agent acquiring substantial interest.
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