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An Analysis on the Corporate Veil
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Appan Anirudh M
Student at Sastra University, Thirumalaisamudram, Thanjavur, India
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Sridhar RCS
Student at Sastra University, Thirumalaisamudram, Thanjavur, India
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Vivaha NP
Student at Sastra University, Thirumalaisamudram, Thanjavur, India
Abstract
This research explores the doctrine of the corporate veil, a cornerstone of modern company law that establishes the separate legal personality of a corporation from its members. It examines the meaning, importance, and judicial evolution of the principle through landmark cases such as Salomon v. Salomon & Co. Ltd., and analyses the circumstances under which courts lift the veil to prevent fraud, evasion, or injustice. Further, it discusses emerging disputes and the controversial doctrine of reverse piercing of the corporate veil, highlighting how courts balance economic freedom with accountability and fairness in corporate jurisprudence
Keywords
- Corporate Veil
- Lifting of Corporate Veil
- Reverse Piercing
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 8, Issue 6, Page 310 - 320
DOI: https://doij.org/10.10000/IJLMH.1111084Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
Copyright
Copyright © IJLMH 2021