The Companies Act, 1956
384. Firm or body corporate not to be appointed manager.
1[No company] shall, after the commencement of this Act, appoint or employ, or after the expiry of six months from such commencement continue the appointment or employment of, any firm, body corporate or association as its manager.
1. Subs. by Act 65 of 1960, sec. 145, for certain words (w.e.f. 28-12-1960).