https://www.taxtmi.com/caselaws?id=96811 A fixed-term employment contract was treated as carrying an implied obligation that the company would not defeat its promise by using altered articles to enable early removal of the managing director. The company's power to amend its articles remained intact, and good-faith alteration for an amalgamation was not itself a breach. However, once the alteration conferred removal power on another company and that power was used to end the agreed term, the resulting termination was treated as a contractual breach attributable to the original company. The stated principle is that a company cannot avoid liability for a fixed-term employment promise by transferring termination power to a third party. en-us Mon, 22 Apr 1940 00:00:00 +0530 Wed, 11 Jan 2012 12:47:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96811 A fixed-term employment contract was treated as carrying an implied obligation that the company would not defeat its promise by using altered articles to enable early removal of the managing director. The company's power to amend its articles remained intact, and good-faith alteration for an amalgamation was not itself a breach. However, once the alteration conferred removal power on another company and that power was used to end the agreed term, the resulting termination was treated as a contractual breach attributable to the original company. The stated principle is that a company cannot avoid liability for a fixed-term employment promise by transferring termination power to a third party. Case-Laws Companies Law Mon, 22 Apr 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96811