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Report on Application of Salomon Principle in Corporate Veil

   

Added on  2020-06-05

15 Pages3895 Words54 Views
LLM (Corporate Law AndGovernance)

ABSTRACT:The present report will be based on whether the Salomon Principle is still applicablewithin the law or does court have same power to lift corporate veil. All the companies that areregistered under the Companies Act 2006 will be having legal and separate entity from itsshareholders or incorporation whosoever. Directors and shareholders of company will be distinctand company will be different from them. Court is having power to disregard and held all itsliable shareholders or owners as having unlimited liabilities. Which just implies that investorswill be held at risk for all bad behaviours in name of organization they would not haveappropriate to get away on bases of Salomon guideline.

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................7TABLE OF CASES:........................................................................................................................9UK Legislations...............................................................................................................................9REFERENCES..............................................................................................................................10BIBLIOGRAPHY..........................................................................................................................11INTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................7TABLE OF CASES:........................................................................................................................8UK Legislations...............................................................................................................................8REFERENCES................................................................................................................................9BIBLIOGRAPHY..........................................................................................................................10

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