3. The relationship of sole selling agent and the appointing company is that of a and is governed by provisions of it. The term 'appointment' in relation to sole selling agent and sole buying or purchasing agents includes 5. A company shall not appoint any individuals, firms or body corporate having in the company as its sole buying or purchasing agent unless such an appoinhnent has been previously by the IE. The word 'lnveshnents' in common parlance would include any property or right in which is invested. T. The term 'luvestJneots' is used in a limited sense to mean the investing of money in 3. The power to invest the funds of the company is the of the Board of Directors. 9. In case of default, the company and every officer of the company who is in default shall he punishable with fine of It]. A company comes into existence by registration in the