English, asked by latapal748, 2 months ago

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Q-1 What is corporate veil? Under what circumstances can the corporate veil be lifted? 10

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Answered by BANGTANARMYGIRL07

Answer:

Circumstances in which the Court can lift the Corporate Veil. ... When Company tries to avoid Legal Obligations: When the corporate personality is used to avoid any legal obligation, the Court can disregard the legal personality and can identify with its members.

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