Appointment of sole selling agents could be regarded as an office of profit within the meaning of sub section (1)

Appointment of sole selling agents could be regarded as an office of profit within the meaning of sub section (1) https://www.taxtmi.com/circulars?id=10788 Appointment of a company's sole selling agent can constitute an office of profit when the appointee is the managing director, a director's relative, a firm in which a director or relative is a partner, or a private company in which a director is a director or member; in those cases the company must obtain shareholder consent by passing a special resolution to approve the appointment. en-us Tue, 19 Nov 1968 00:00:00 +0530 Fri, 17 Jun 2011 10:24:00 +0530 TaxTMI RSS Generator Appointment of sole selling agents could be regarded as an office of profit within the meaning of sub section (1) https://www.taxtmi.com/circulars?id=10788 Appointment of a company's sole selling agent can constitute an office of profit when the appointee is the managing director, a director's relative, a firm in which a director or relative is a partner, or a private company in which a director is a director or member; in those cases the company must obtain shareholder consent by passing a special resolution to approve the appointment. Circulars Companies Law Tue, 19 Nov 1968 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10788