Corporate restructuring would court lift veil?

By:

SADHALE, VIVEK

Contributor(s):

CHAPEKAR, ANAND

Material type:

Mixed materialsPublication details: 2013Description: 33-36Subject(s):

RESTRUCTURING

NLM classification:

658.16

In: CHARTERED SECRETARYMSummary: 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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Item type	Current library	Call number	Vol info	Status	Date due	Barcode
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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