Rule 91 - Application under section 407(1)(b) for leave to act as managing direc­tor, etc. - Company Court Rules, 1959

Application under section 407(1)(b) for leave to act as managing direc tor, etc. 91. An application under clause (b) of sub-section (1) of section 407 for leave to any of the persons mentioned therein, to be appointed, or to act, as the managing or other director, [22] [* * *] or manager of the company, shall state whether notice of the intention to apply for such leave has been given to the Central Government and shall be accompanied by a copy of such notice. Notice of the date of hearing of the petition together with a copy of the petition shall be served on the Central Government not less than 14 clear days before the date fixed for the hearing. -------------------------------------- Notes:- [22] Omitted as redundant after abolition of the system of managing agent, secretaries and treasurers by Act 17 of 1969, w.e.f. 3-4-1970.