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N. K. Gupta posted an Question
July 04, 2021 • 21:32 pm 30 points
  • UGC NET
  • Commerce

Explain the doctrine of lifting of corporate veil and also explain the statutory provision and judicial interpretation

explain the doctrine of lifting of corporate veil and also explain the statutory provision and judicial interpretation

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  • Rucha rajesh shingvekar Best Answer

    The doctrine of lifting the corporate veil means ignoring the corporate nature of the body of individuals incorporated as a company. ... It allows a company to perform juristic acts in its own name, as well as to sue and to be sued. Members and Directors enjoy protection against personal liability.

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