https://www.taxtmi.com/caselaws?id=97838 Section 346 permits the Central Government to allow further time for a managing agent firm to continue after a change in its constitution, thereby deferring its statutory cessation. This power is not conditional on a prior application for approval of the changed constitution or on applications authorised by every partner. Approval of the changed constitution must be obtained before expiry of the initial six-month period or any validly extended period. Extension orders fall within executive discretion and are open to judicial invalidation only for lack of jurisdiction. Partners who continued to act as managing agents and accepted the benefit of extensions are estopped from later challenging their validity. en-us Wed, 10 Aug 1960 00:00:00 +0530 Wed, 18 Jan 2012 12:51:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97838 Section 346 permits the Central Government to allow further time for a managing agent firm to continue after a change in its constitution, thereby deferring its statutory cessation. This power is not conditional on a prior application for approval of the changed constitution or on applications authorised by every partner. Approval of the changed constitution must be obtained before expiry of the initial six-month period or any validly extended period. Extension orders fall within executive discretion and are open to judicial invalidation only for lack of jurisdiction. Partners who continued to act as managing agents and accepted the benefit of extensions are estopped from later challenging their validity. Case-Laws Companies Law Wed, 10 Aug 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97838