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Companies Act, 1956


Sec 7 - Interpretation of " person in accordance with whose directions or instructions directors are accustomed to act ".

Except where this Act expressly provides otherwise, a person shall not be deemed to be, within the meaning of any provision in this Act, a person in accordance with whose directions or instructions the Board of directors of a company is accustomed to act, by reason only that the Board acts on advice given by him in a professional capacity.



Companies Act, 1956 Back




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