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Thursday, January 10, 2008

Whether the appointment of J is in order?

(i) Whether the appointment of J is in order?
(ii) What course of action would you take as the Secretary of the Company in
case J does not have substantial interest? [Nov., 19971
7. Randhir was appointed as the sole selling agent of S Ltd. for a period of five years in a general meeting of the Company. Exactly after one and half years, S. Ltd. was amalgamated with another company A Ltd. Randhir was not appointed as the sole selling agent of A Ltd. S. Ltd. paid Randhir Rs. 6 lacs as selling agency commission during the said one and half years. Is Randhir entitled to any
compensation and if yes, what is the quantum? [November, 2000]

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