An Analysis on the Corporate Veil
Lead author · Corresponding
Appan Anirudh M
Student at Sastra University, Thirumalaisamudram, Thanjavur, India
Co-author
Sridhar RCS
Student at Sastra University, Thirumalaisamudram, Thanjavur, India
Co-author
Vivaha NP
Student at Sastra University, Thirumalaisamudram, Thanjavur, India
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DOIhttps://doij.org/10.10000/IJLMH.1111084
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