https://www.taxtmi.com/caselaws?id=96829 General statutory words in a corporate amalgamation provision were held insufficient to transfer a contract of personal service to a new company without the employee's consent. The article explains that, although Section 154 of the Companies Act, 1929 authorised transfer of property, rights, liabilities and duties to support reconstruction and amalgamation, that language did not clearly abrogate the common-law rule against assigning employment contracts to a new employer. The provision was therefore construed as operating on corporate assets and obligations, not as compelling novation of personal service contracts or overriding third-party rights by implication. en-us Thu, 01 Aug 1940 00:00:00 +0530 Wed, 11 Jan 2012 14:24:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96829 General statutory words in a corporate amalgamation provision were held insufficient to transfer a contract of personal service to a new company without the employee's consent. The article explains that, although Section 154 of the Companies Act, 1929 authorised transfer of property, rights, liabilities and duties to support reconstruction and amalgamation, that language did not clearly abrogate the common-law rule against assigning employment contracts to a new employer. The provision was therefore construed as operating on corporate assets and obligations, not as compelling novation of personal service contracts or overriding third-party rights by implication. Case-Laws Companies Law Thu, 01 Aug 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96829