PIERCING THE CORPORATE VEIL – AN INSTANCE OF ABUSING HUMAN RIGHTS?
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https://doi.org/10.55662/Keywords:
Corporate Veil, Criminal Liability, Human Rights, Separate Personality, Public PolicyAbstract
In the field of corporate law, the doctrine of corporate veil is recognized for its uniqueness and so is the lifting of that veil. However, while delving down in the recent developments in legal regime, the burning dispute that haunts the Corporate bodies, pertains to the violation of human rights as alleged due to the interference of the doctrine named ‘piercing the corporate privilege veil’. The question therefore arises whether lifting the corporate veil and mixing the corporate personality with the natural personality of its members violates the human rights of the members in realm or whether imposing the criminal liability on the corporations by way of piercing the veil disregards the nature of corporate personality at its first instance. This article hence endeavors to encounter the issues pressing the ground of corporate law followed by a critical analysis of the same.
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