Section 384 - Firm or body corporate not to be appointed manager. - Companies Act, 1956

B. Managers Firm or body corporate not to be appointed manager. 384. [1] [No company] shall, after the commencement of this Act, appoint or employ, or after the expiry of six months from such commencement, continue the appointment or employment of, any firm, body corporate or association as its manager. --------------------------------------- Notes:- [1] Substituted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 145, [ Substituted for No public company, and no private company which is subsidiary of a public company, by the Companies (Amendment) Act, 1960 ].