Corporate Law

2nd Lecture
Lifted the corporate vail

A company is a legal person which is separate from

its members. When company is involved in fraud
then members may be personally liable to court.
Lifted the corporate vail

There are following statutory positions which can be

lift the cooperate vail;

 Minimum members
 Application money
Lifted the corporate vail

There are following statutory positions which can be

lift the cooperate vail;

 False prospectus
 Investigation of company
 Investigation of associated company
Lifted the corporate vail

There are following statutory positions which can be

lift the cooperate vail;

 Investigation of associated company

 Investigation of Associated company