Accountancy, asked by G24, 11 months ago

state the circumstances under which the corporate veil is lifted and the separate legal existence of the company is ignored​

Answers

Answered by bhawanibanna7773
0

Answer:

When the true legal position of a company and the circumstances under which its entity as a corporate body will be ignored and the corporate veil is lifted, the individual shareholder may be treated as liable for its acts.

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