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Section 2: Insertion of now section 86J in Act VII of 1913— After seotion 861 of the Indian Companies Act, 1913 (hereinafter referred to as the principal Act), the following section shall be inserted, namely

Indian Companies (Amendment) Ordinance, 1951Ordinance · 1951

" 86J. Restrictions on amendment of articles relating to appointment of directors. —In the case of a company not being a company managed by a managing agent, any amendment in the articles of, or any variation in any agreement with, the company relating to the appointment or election of a managing director or a director not liable to retire by rotation shall, notwithstanding anything to the contrary contained in any other provision of this Act or in the articles or agreement, be void unless approved by the Central Government. "

Where this provision sits

ActIndian Companies (Amendment) Ordinance, 1951
Section2
Marginal noteInsertion of now section 86J in Act VII of 1913— After seotion 861 of the Indian Companies Act, 1913 (hereinafter referred to as the principal Act), the following section shall be inserted, namely
StatusIn force as published by the source

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