Tag: legal personality

Lifting Of Corporate Veil

The fundamental attribute of corporate personality, from which all other consequences flow if that the corporation is a legal entity distinct from its members.This doctrine has been established for business efficacy, necessity and convenience. In the doctrine of ‘Lifting the Corporate Veil’, the law goes behind the mask or veil of incorporation in order to determine the real person behind the mask of a company. It is one of the most widely used doctrines to decide when a shareholder or shareholders will be held liable for obligations of the corporation and continues to be the most litigated and most discussed doctrines in all of corporate law. Therefore, a study of the same through the lens of leading case laws and judgements as done by the authors would be highly beneficial.

Piercing of Corporate Veil

By Samridhi Arora, Amity University Editor’s Note: Corporate Veil is the principle in corporate law which states that company and its shareholders are two different identities independent of its existence . Piercing of corporate veil  is a legal method of trying to go behind this veil. It is employed by the […]