https://www.taxtmi.com/caselaws?id=111757 In an amalgamation scheme, workmen of the transferor company have no statutory right to be consulted or to participate in framing the scheme under sections 391 to 394 of the Companies Act, 1956, though they may object before the Company Court at the sanction stage. Employees cannot be compelled to join the transferee company; if they decline the transfer, section 25FF of the Industrial Disputes Act, 1947 entitles them to retrenchment compensation, while those who accept continuation on no less favourable terms are not so entitled. A scheme need not settle every future service condition if continuity and minimum protection are preserved, and it is not invalid merely because further labour-law issues remain governed by statute. en-us Tue, 18 Mar 2008 00:00:00 +0530 Wed, 10 Dec 2014 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111757 In an amalgamation scheme, workmen of the transferor company have no statutory right to be consulted or to participate in framing the scheme under sections 391 to 394 of the Companies Act, 1956, though they may object before the Company Court at the sanction stage. Employees cannot be compelled to join the transferee company; if they decline the transfer, section 25FF of the Industrial Disputes Act, 1947 entitles them to retrenchment compensation, while those who accept continuation on no less favourable terms are not so entitled. A scheme need not settle every future service condition if continuity and minimum protection are preserved, and it is not invalid merely because further labour-law issues remain governed by statute. Case-Laws Companies Law Tue, 18 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111757