Notification to prohibit the appointment of sole selling agents as per the power vested under section 294AA of the companies Act 1956 - G.S.R. 601(E). - Companies Law
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Prohibition on appointment of sole selling agents for specified drug categories, exempting Ayurvedic, Unani and Homoeopathic preparations. The Central Government prohibits the appointment of sole selling agents for every category of bulk drugs, drugs and formulations as defined in the Drugs (Prices Control) Order, 1995, when demand substantially exceeds production or supply and sole selling agent services are unnecessary to create a market, excluding bona fide Ayurvedic (including Siddha), Unani and Homoeopathic preparations; the prohibition operates for a prescribed period from the notification's Gazette publication and is grounded in the Government's statutory notification power.
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 appointment of sole selling agents for specified drug categories, exempting Ayurvedic, Unani and Homoeopathic preparations.
The Central Government prohibits the appointment of sole selling agents for every category of bulk drugs, drugs and formulations as defined in the Drugs (Prices Control) Order, 1995, when demand substantially exceeds production or supply and sole selling agent services are unnecessary to create a market, excluding bona fide Ayurvedic (including Siddha), Unani and Homoeopathic preparations; the prohibition operates for a prescribed period from the notification's Gazette publication and is grounded in the Government's statutory notification power.
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