Corporate restructuring would court lift veil?
Material type: Mixed materialsPublication details: 2013Description: 33-36Subject(s): NLM classification:- 658.16
Item type | Current library | Call number | Vol info | Status | Date due | Barcode | |
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Periodicals/Magazines | SSCBS Library | 43/1 | Available | P14705 |
The basic objective of forming a company is to shield the personal assets of the shareholders from unlimited liability for the acts of the comapny. With all the advantages avaliable to the corporate form of entity, it must also be ensured that there are no fraudulent activities carried out in the company. Corporate veil may be lifted either under express proviaions of law; or under judicial pronouncements. It is important to study the various theory of Lifting Corporate Veil being appliedby the courts in case of holding - subsidiary relationships.
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