Companies Act, 1956
Section - 294A - Prohibition of payment of compensation to sole selling agents for loss of office in certain cases
[Prohibition of payment of compensation to sole selling agents for loss of office in certain cases.294A. (1) A company shall not pay or be liable to pay to its sole selling 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 ; (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 company or of the body corporate resulting from the amalgamation; (c) where the sole selling agent resigns his office, otherwise than on the reconstruction of the company or its amalgamation as aforesaid; (d
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