What is Corporate Veil? Mention 3 situations that require lifting the corporate veil.

September 10, 2019

The corporate veil is a layer of protection that exists between the assets of a corporation and the assets of the shareholders of the corporation
Here are three situations that require lifting the corporative veil
1. Unavailability or mistakes of corporate records.
2. covering or misreports of company members.
3. Inability to observe corporate formalities relating to behavior and documentation.
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