The Principle of Corporate Personality
Corporate personality is a commercial legal device kept forward by the companies act. It is the creation of law where the company states itself as a legal personality or an artificial person which has its own rights and duties. In this research paper authors have gone through various books, research papers and online materials to draw down the principle of the corporate personality in one concentrated form. In this research paper the authors have focused upon the Companies Act 2013 for mentioning the vital definitions related to the topic. The research paper gives description about what exactly is a corporate personality, its characteristics, etc. The paper also focuses upon the “lifting of the corporate veil” and why is it termed as a disadvantage of the corporate personality along with the case laws.
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