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[Cites 0, Cited by 0] [Section 294AA] [Entire Act]

Union of India - Subsection

Section 294AA(1) in The Companies Act, 1956

(1)Where the Central Government is of opinion that the demand for goods of any category, to be specified by that Government, is substantially in excess of the production or supply of such goods and that the services of sole selling agents, will not be necessary to create a market for such goods, the Central Government may, by notification in the Official Gazette, declare that sole selling agents shall not be appointed by a company for the sale of such goods for such period as may be specified in the declaration.