https://www.taxtmi.com/acts?id=12635 The Central Government may prohibit appointment of sole selling agents by notification where demand for specified goods substantially exceeds supply and sole selling services are unnecessary. Appointments of persons or entities with a substantial interest in the company require prior Central Government approval, and companies above a paid-up capital threshold must also secure a special resolution. The section extends analogous provisions to sole buying agents, prescribes particulars for approval applications, includes transitional compliance requirements for pre-existing appointments, and defines substantial interest by reference to beneficial shareholding aggregations. en-us Fri, 13 May 2011 12:48:57 +0530 Fri, 13 May 2011 12:48:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12635 The Central Government may prohibit appointment of sole selling agents by notification where demand for specified goods substantially exceeds supply and sole selling services are unnecessary. Appointments of persons or entities with a substantial interest in the company require prior Central Government approval, and companies above a paid-up capital threshold must also secure a special resolution. The section extends analogous provisions to sole buying agents, prescribes particulars for approval applications, includes transitional compliance requirements for pre-existing appointments, and defines substantial interest by reference to beneficial shareholding aggregations. Act-Rules Companies Law Fri, 13 May 2011 12:48:57 +0530 https://www.taxtmi.com/acts?id=12635