Number of companies of which a person may be appointed manager.

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..... ther company, except as provided in sub-section (2). (2) A company may appoint or employ a person as its manager, if he is the manager or managing director of one, and not more than one, other company: Provided that such appointment or employment is made or approved by a resolution passed at a meeting of the Board with the consent of all the directors present at the meeting, and of which meeti .....

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..... nt may, by order, permit any person to be appointed as a manager of more than two companies, if the Central Government is satisfied that it is necessary that the companies should, for their proper working, function as a single unit and have a common manager. [1] [* * *] -------------------------------------- Notes:- [1] Sub-section (5) omitted by the Companies (Amendment) .....

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