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[Cites 0, Cited by 0] [Section 196] [Entire Act]

Union of India - Subsection

Section 196(5) in The Companies Act, 2013

(5)Subject to the provisions of this Act, where an appointment of a managing director, whole-time director or manager is not approved by the company at a general meeting, any act done by him before such approval shall not be deemed to be invalid.