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Understanding Corporate Veil Lifting

A company is an association of people who contribute money or assets to a common fund and use it to conduct business, sharing any profits or losses. Lifting the corporate veil means ignoring the legal status of a company and instead focusing on the real individuals who control the company's operations.

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33 views1 page

Understanding Corporate Veil Lifting

A company is an association of people who contribute money or assets to a common fund and use it to conduct business, sharing any profits or losses. Lifting the corporate veil means ignoring the legal status of a company and instead focusing on the real individuals who control the company's operations.

Uploaded by

sahilku
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

A company is meant an association of many persons who contribute money or moneys worth to a

common stock and employ it in some trade or business, and who share the profit and loss (as the case
may be) arising there from."

Lifting Of Corporate Veil

Lifting of the corporate veil means disregarding the corporate personality and looking behind the real
person who are controlling the companys affairs.

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