Corporate Personality Vs. Corporate Abuse: A Study Of Corporate Veil In Indian Company Law

Sneha Sarothiya, B.A.LL.B. (Hons.), Jagran Lakecity University, Bhopal, Madhya Pradesh, India ABSTRACT The doctrine of corporate personality is a fundamental principle of company law which recognizes a company as a legal entity separate from its shareholders and directors. This principle was firmly established in the landmark case of Salomon v. A Salomon & Co Ltd and forms the basis of modern corporate law. By recognizing companies as independent legal persons, the doctrine provides several.