https://www.taxtmi.com/acts?id=12511 Section 197A forbids a company from appointing or employing more than one specified category of managerial personnel at the same time, specifically preventing concurrent service as a managing director and a manager; the provision prevails over other laws or agreements and included a transitional six month period, while references to managing agents and certain officeholders were later omitted by amendment. en-us Tue, 10 May 2011 16:20:11 +0530 Tue, 10 May 2011 16:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12511 Section 197A forbids a company from appointing or employing more than one specified category of managerial personnel at the same time, specifically preventing concurrent service as a managing director and a manager; the provision prevails over other laws or agreements and included a transitional six month period, while references to managing agents and certain officeholders were later omitted by amendment. Act-Rules Companies Law Tue, 10 May 2011 16:20:11 +0530 https://www.taxtmi.com/acts?id=12511