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Smita_L01042008 (student)     10 December 2009

Procedure for lifting Corporate Viel

kindly guide is there any procedure to lift the corporate viel of group associate and held the management as unique one for group or sister companies under Companies Act 1956


 1 Replies

N.K.Assumi (Advocate)     10 December 2009

It is difficult to lay down any broad principle to hold as to when corporate veil should be lifted as it depends upon various facts and cicumstancs: But you can refer the case of : Calcutta Chromotype Ltd vs Collector of Central Excise, Calcutta: 1998- (004) - SLT- 0120-SC:

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