Prohibition on sole selling agents restricts appointment for specified goods when demand outstrips production, removing necessity for agents. The Central Government, invoking statutory power under the Companies Act framework, declares that companies shall not appoint sole selling agents for specified goods because demand for those goods substantially exceeds production or supply and sole selling agents are unnecessary to create a market; the prohibition applies to the listed categories of cement and paper for the period stated in the notification.
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 sole selling agents restricts appointment for specified goods when demand outstrips production, removing necessity for agents.
The Central Government, invoking statutory power under the Companies Act framework, declares that companies shall not appoint sole selling agents for specified goods because demand for those goods substantially exceeds production or supply and sole selling agents are unnecessary to create a market; the prohibition applies to the listed categories of cement and paper for the period stated in the notification.
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