Guidelines for filing statutory Applications under
section 294AA of the Companies Act,1956
An application
submitted under section 294AA of the Companies Act, 1956 should be in
accordance with the Companies (Appointment of Sole Agents)
Rules, 1975 and be accompanied
by the following:-
1. A copy each of certified copies of Board of Directors
resolution/and special Resolution by members approving the proposal to appoint
Sole Selling Agent and the terms and conditions of appointment.
2. A copy of previous approval obtained from the Central
Government in respect of appointment
of the Sole Selling Agents for earlier period, if any.
3. A certified copy of the Marketing/Sole Selling Agency
Agreement proposed to be entered into with the Sole Selling Agent.
4. Percentage of shares held by the applicant company, its
directors and their relatives in the Sole Selling Agent/profit sharing ratio,
if the proposed Sole Selling Agent is a partnership firm.
5. Percentage of shares held by the Sole Selling Agents, its
directors and their relatives in the applicant company/their profit-sharing
ratio.
6. Justification
for variation, if any, of rate(s) of commission for earlier appointment and
those proposed (in case of reappointment).s
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