Section 368   [ View Judgements ]

Managing agent to be subject to control of Board and to restrictions in Schedule VII.


368. MANAGING AGENT TO BE SUBJECT TO CONTROL OF BOARD AND TO RESTRICTIONS IN SCHEDULE VII.

Restrictions on powers

The managing agent of a company, whether appointed before or after commencement of this Act, shall exercise his powers subject to the superintendence, control and direction of its Board of directors and subject also to the provisions of the memorandum and articles of the company and to the restrictions contained in Schedule VII.

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