Sole selling agents - Whether approval of shareholders is again required before applying for approval of Government in terms of the section - Companies Law - Letter : No. 8/2(Misc.)/75‑CL‑V,

Letter : No. 8/2(Misc.)/75 ‑ CL ‑ V, dated 6 ‑ 6 ‑ 1975. Subject:- Sole selling agents - Whether approval of shareholders is again required before applying for approval of Government in terms of the section Query : The existing appointment of sole selling agent is already approved by the shareholders in general meeting. Whether the approval of the shareholders is again required before applying to the Central Government for approval in terms of section 294AA? Answer : If the authority of a special resolution is already in force, all that is required is only the additional approval of the Central Government.