ABSTRACT
An agency is a relationship between a person in authority and another person whom he appoints as his representative. At law a ‘person’ also includes a legal organization, duly appointed as such by virtue of a law which gives it its authority. Thus a limited company is given a Board of Directors by its shareholders who, in turn, appoint certain full-time representatives to act in their name and under their guidance-e.g. the managing director, the company secretary, a chief accountant and others. These are all agents of the Board, and derive their authority either from the company’s Memorandum of Association (which every company has to produce at the time of registration under the Companies Act or f rom separate warrants of authority given to the different appointees (or some of both).
