Indian Bare Acts

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The Companies Act, 1956

Title : The Companies Act, 1956

Year : 1956

**Section 375 not reproduced here as it has become redundant after abolition ofthe system of managing agent, secretaries and treasurers by Act 17 of 1969 w.e.f.3rd April, 1670.

Sec 376    -     Condition prohibiting reconstruction oramalgamation of company 

    Where any provision in the memorandum or articles of a company, or in any resolution passed in general meeting by, or by the Board of directors of, the company, or in an agreement between the company and any other person, whether made before or after the commencement of this Act, prohibits the reconstruction of the company or its amalgamation with any other body corporate or bodies corporate, either absolutely or except on the condition that the managing director or manager of the company is appointed or reappointed as managing director or manager of the reconstructed company or of the body resulting from amalgamation, as the case may be, shall become void with effect from the commencement of this Act, or be void, as the case may be.

**Sections 377 & 378 to 383 are not reproduced here as they have become redundant afterabolition of the system of managing agent, secretaries and treasurers by Act 17of 1969 w.e.f. 3rd April, 1670.

 

Last updated on May, 2015

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