Prohibition of payment of compensation to sole selling agents for loss of office in certain cases.

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.... agent any compensation for the loss of his office in the following cases:      (a) where the appointment of the sole selling agent ceases to be valid by virtue of sub-section (2A) of section 294;      (b) where the sole selling agent resigns his office in view of the reconstruction of the company or of its amalgamation with any other body corporate or....