ABSTRACT

Name: Anushka Agarwal

Course: BBALLB Corporate Laws (Batch-1)
Roll no.: 17
TOPIC: CORPORATE LEGAL LIABILITY
The corporation have come a long way from being accused of creating public nuisances or being
a culprit under the law of torts. They can today easily be seen creating a grave dent in the
working of any society. They have become the necessary evils today. The society cannot survive
without them and at the same time has become difficult to survive with them. The difficulty lies
not only in the fact that it is way too difficult to put the blame on the companies for the criminal
wrongs committed by them rather the most challenging part is to put the blame on the right
shoulders when a wrong has been done. Even though a separate legal presence and existence of
the company has long been established by the courts yet, the complex hierarchy of the today’s
mainstream body corporate makes it a tiresome process to find the real culprit who acted on
behalf of that legal personification. The new characters of crimes have forced the courts to give
newer interpretations about the concept of criminal liability of the corporates and also has led to
new legislations being adopted where by the government have incorporated new jurisprudence
of handling the corporate crime. In this research paper the researcher has attempted to analyze
the concept and theories of a corporate crime and criminality, that who are perpetrators of a
corporate crime and who may be held liable for them and the various types of corporate crimes
and their impact on the society.

KEYWORDS: Corporate crimes, separate legal entity, criminal liability, legislations, impact on
society