Appointment Of Sole Selling Agent

 

This is an agreement for appointment of a sole selling agent between Ram & Co. Ltd and One Part and Shayam & Co. Ltd. As per the agreement, the company has selected Shayam & Co. Ltd., Chandigarh as the sole selling agent for North India for Telephone equipments manufactured by the Company and the Agent will bear exclusive authority and right to vend may be in cash or on credit and get the orders for vending the said products of the company in any way in the said territory. The selection shall be effective from 1st day of November 2003 and shall be enforceable for five years from the said date without prejudicing right of re-selection but basing on approval by the company in general meeting along with approval by Central Government as laid per section 294 of the Companies Act 1956 with rule 2 of the Companies (Appointment of Sole Agents) Rules 1975.

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