International Journal of Law


International Journal of Law
International Journal of Law
Vol. 7, Issue 4 (2021)

Lifting of the corporate veil


Ravi Ranjan Singh

A company has been given the status of separate legal identity which could be used to hide the unlawful acts done by the individual running the company. The impact of the doctrine of lifting the corporate veil is to clear the differences of action done by the company and its members for their own benefits. This doctrine is like a watchdog to keep a check on the member of the company, so that no one takes the unlawful advantage behind the curtain by utilising the company name as the banner and hiding tool. This research paper deals with the public policy and lifting of corporate veil, wherein it has been discussed under what provision the corporate veil could be lifted and what happens if the corporate misuses the public policy and how the public policy helps in determining that the separate identity of the corporate is being mis utilised.
Pages : 98-103 | 76 Views | 37 Downloads