How to Use? Step 1 Select text or post You want Step 2 paste it in your MS Document
About Me
- Dr. Ravneet Kaur
- PhD, NET(UGC), MBA (Finance), M.com (Finance), B.COM (professional), B.Ed (Commerce + English), DIM, PGDIM, PGDIFM, NIIT Accounting package...
Monday, September 6, 2010
corporate veil meaning
Legal concept that separates the personality of a corporation from the personalities of its stockholders (shareholders), and protects them from being personally liable for the firm's debts and other obligations. This protection, however, is not ironclad or impenetrable. Where a court determines that a firm's business was not conducted in accordance with the provisions of corporate-legislation (or that it was just a façade for illegal activities) it may hold the stockholders personally liable for the firm's obligations under the legal concept of 'lifting (or piercing) the corporate veil.'
Subscribe to:
Post Comments (Atom)
Types of Cooperative Societies
Types of Cooperative Societies Cooperative organisations are set up in different fields to promote the economic well-being of different sect...
-
OPTIMUM FIRM SIZE A business unit may be launched in a small scale and then expanded gradually. With the increase in the scale of opera...
-
Foreign investment refers to the investment in domestic companies and assets of another country by a foreign investor . Large multinat...
-
Types of Cooperative Societies Cooperative organisations are set up in different fields to promote the economic well-being of different sect...
No comments:
Post a Comment