https://www.taxtmi.com/acts?id=12634 A company shall not pay compensation to its sole selling agent where appointment ends by operation of law, on resignation connected to reconstruction or amalgamation, on other resignations, where the agent is guilty of fraud, breach of trust or gross negligence, or where the agent instigates termination. If compensation is payable, it is capped at the remuneration the agent would have earned for the shorter of the unexpired term or three years, calculated by the average remuneration actually earned during the three years preceding cessation or the shorter period of office. en-us Fri, 13 May 2011 12:40:45 +0530 Fri, 13 May 2011 12:40:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12634 A company shall not pay compensation to its sole selling agent where appointment ends by operation of law, on resignation connected to reconstruction or amalgamation, on other resignations, where the agent is guilty of fraud, breach of trust or gross negligence, or where the agent instigates termination. If compensation is payable, it is capped at the remuneration the agent would have earned for the shorter of the unexpired term or three years, calculated by the average remuneration actually earned during the three years preceding cessation or the shorter period of office. Act-Rules Companies Law Fri, 13 May 2011 12:40:45 +0530 https://www.taxtmi.com/acts?id=12634