Managing Agency
Legal definition for Indian law research
Definition
Managing agency, Managing agency is itself a business, J.K. Trust v. Commissioner of Income Tax/Excess Profits Tax, AIR 1957 SC 846: (1958) SCR 65. [Income Tax Act, 1922, s. 4 (3)]
It includes--
(i) Secretaries and Treasurers;
(ii) Where the managing agent is a company, and director of such company, and any member thereof who holds substantial interest in such company.
(iii) Where the managing agent is a firm, any partner of such firm. [Banking Regulation Act, 1949 (10 of 1949), s. 5 (gg)]
It includes--
(i) Secretaries and Treasurers;
(ii) Where the managing agent is a company, and director of such company, and any member thereof who holds substantial interest in such company.
(iii) Where the managing agent is a firm, any partner of such firm. [Banking Regulation Act, 1949 (10 of 1949), s. 5 (gg)]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.