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<h1>Government Bans Sole Selling Agents for Certain Goods Under Section 294AA of Companies Act for Five Years</h1> The Central Government, through Notification No. GSR 628(E) dated 10-9-1995, issued by the Department of Company Affairs, has exercised its authority under section 294AA of the Companies Act, 1956, to prohibit companies from appointing sole selling agents for certain goods. This decision is based on the assessment that the demand for specified goods, including sugar and vanaspati, significantly exceeds their production or supply, rendering the services of sole selling agents unnecessary. This prohibition is effective for a further period of five years from the notification's publication date in the Official Gazette.