Share Q.71:
Q.71
Company Law Medium Knowledge-Based
Bare Act Companies Act, 2013 · Judicial Doctrine

“Doctrine of lifting of or piercing the corporate veil” is associated with

A Labour Law
Company Law Answer
C Banking Law
D Service Law
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Explanation & Strategy

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The doctrine of 'lifting/piercing the corporate veil' allows courts to look behind the company's separate legal personality to hold members/directors personally liable. It was prominently associated with Solomon v. A Solomon & Co. Ltd (1897) which established the veil, while later cases allowed piercing it in cases of fraud, evasion of tax, or improper conduct.

At a Glance
Subject Company Law
Difficulty Medium
Act Companies Act, 2013
Section Judicial Doctrine
Answer (B) Knowledge-Based
Paper AIBE XVII — February 2023
Progress in Paper
Q.71 100 questions

71% through paper

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