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[Cites 0, Cited by 0] [Section 386] [Entire Act]

Union of India - Subsection

Section 386(4) in The Companies Act, 1956

(4)Notwithstanding anything contained in sub-sections (1) to (3), the Central Government may, by order, permit any person to be appointed as a manager of more than two companies, if the Central Government is satisfied that it is necessary that the companies should, for their proper working, function as a single unit and have a common manager.[* * *]