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

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....oss 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 bodies corporate and is appointed as the sole selling agent of the reconstructed com....