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of <h1>Government Bans Sole Selling Agents for Bulk Drugs Under Companies Act for Three Years</h1> The Central Government, under the authority of the Companies Act, 1956, has issued a notification prohibiting companies from appointing sole selling agents for the sale of certain goods in India for three years. This decision is based on the assessment that the demand for these goods, specifically 'bulk drugs,' 'drugs,' and 'formulations' as defined by the Drugs (Prices Control) Order, 1987, exceeds their production or supply, rendering sole selling agents unnecessary. Exceptions are made for preparations in the Ayurvedic, Unani, and Homoeopathic systems of medicine.
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