WebJun 8, 2024 · This doctrine is ‘a limitation on the principle that a corporation exists independently of its owners, as a separate legal entity, that the owners are normally not … Web‘Corporate veil’ As DMRC made all efforts to pay the award amount, the high court decided to pierce the corporate veil and implead DMRC’s two shareholders, namely the Union ministry and the...

Long arm of law tugs at corporate veil

WebApr 7, 2024 · In Cyprus, the lifting of the corporate veil is a legal doctrine that allows the courts to disregard the separate legal personality of a company and hold its shareholders or directors personally liable for its debts or actions. The doctrine is generally applied in cases where the company is being used as a front or a device to avoid legal ... WebIn Rustom Cavasjee Cooper vs. Union of India: (1970) 1 SCC 248, the constitution bench of the Supreme Court reiterated the above settled principle in the following words: "11. A company registered under the Companies Act is a legal person, separate, and distinct from its individual members. malcolm mactaggart rate my prof

Lifting of Corporate Veil under the Companies Act, 2013

Webexists as to a corporate entity and individual are assessed separately. But just as a plain-tiff may be able to seek to pierce the corporate veil for liability through the alter ego doctrine, a plaintiff can seek to pierce the corporate veil to establish jurisdiction over a corporate entity. See In re Platinum & Palladium Antitrust Litig., 61 WebADROIT CLAIMS & ADR CONSULTANTS posted images on LinkedIn WebObserving that the law must grow along with the modernisation of commerce, it concluded that the ‘doctrine of piercing the corporate veil’ could also be deployed where equity, … malcolm mal thompson