Prohibition of payment of compensation to sole selling agents for loss of office in certain cases.

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..... sation for the loss of his office in the following cases: (a) where the appointment of the sole selling agent ceases to be valid by virtue of sub-section (2A) of section 294; (b) where the sole selling agent resigns his office in view of the reconstruction of the company or of its amalgamation with any other body corporate or bodies corporate and is appointed as the sole selling agen .....

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..... for three years whichever is shorter, calculated on the basis of the average remuneration actually earned by him during a period of three years immediately preceding the date on which his office ceased or was terminated, or where he held his office for a lesser period than three years, during such period.] -------------------------------------------- Notes:- [1] Inserted by .....

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