Section 332 - Local manager

(1) An external company may appoint a person as the local manager of the external company in a statement or notice delivered to the Registrar under this Act.

(2) A person is eligible to be appointed a local manager of an external company if that person is eligible to be appointed a director of a company formed in the Republic under this Act.

(3) The acts of a person registered as the local manager of an external company while carrying on the business in the Republic of that company shall bind the company unless the local manager does not have authority so to act, and the person with whom the local manager was dealing had actual knowledge of the absence of authority, or, having regard to the position of the local manager with or relationship to the company, ought to have known of the absence of authority.

(4) The scope of authority of the local manager shall be filed with the Registrar.