Lifting up of Corporate Veil with Important Cases | Company Law | Daimler Co. v. Continental Tyres
HTML-код
- Опубликовано: 21 окт 2019
- Hello! In this Video, we will continue with our Discussion on Important Doctrines of Company Law.
Certificate Course on Company Law: learn.finology.in/courses/leg...
Through these Videos, we will cover Important Doctrines of Company Law:
1. Corporate Personality
2. Lifting up of Corporate Veil
3. Doctrine of Ultra Vires
4. Doctrine of Indoor Management
5. Doctrine of Constructive Notice
In this Video, we will Discuss 'Lifting up of Corporate Veil'
Corporate veil is a concept that separates the personality of shareholders from that of the company. It protects the shareholders from being liable for the actions of the company. There is a fictional veil that exists between the company and its shareholders, and a company acts only through its human agents.
Many a times it is seen that the company commits improper/ illegal acts behind the corporate personality of the company. Thus it became important for the court to lift this veil and see who was responsible for the improper conduct.
So through the lifting of the corporate veil, the court breaks the corporate shell which gave protection to the fraudulent directors who did things against the interest of the company.
Grounds for lifting the veil:
1. Fraud/ Improper conduct
----Important Case: Jones v. Lipman.
2. When the company is a mere cloak/shame
----Important Case Law: Gilford Motor Co. Ltd. V. Horne
3. Where a company is used for evasion of tax
----Important case law: Workmen of Associated Rubber Industry Ltd. v. Associated Rubber Industry Ltd.
4. Determination of the enemy character of the company
----Important Case Law: Daimler Co. Ltd V. Continental Tyre and Rubber Co. Ltd.
The English company sued for the recovery of a trade debt during the first World War. Held, the company was an alien company since it was controlled by Germans. Payment of debt to the English Company controlled by such German company would amount to trading with the enemy. Therefore, the suit filed by the company to recover a trade debt was dismissed.
5. Public Interest- The courts have the discretion to lift the veil to protect public policy and prevent transactions which are in contravention to public policy.
Thus, where there is a conflict with public policy, the courts usually take into account the substance and ignore the form.
------------------
Certificate Course on Company Law: learn.finology.in/courses/leg...
------------------
Learn more- learn.finology.in/
-----------------
Instagram Id: finologylegal
what a surprise i m goinng to read in book about lifting of corporate veil to puting off the phone but sudden i saw u with this topic # feeling blessed 😂 ❤
I just love it, how u quickly make us understand without wasting time on unnecesaary stories
You are the best ever teacher! For us! Keep going and uploaded more videos related company law and other laws!
Thank you ma'am!
Nicely explained .
you're the one who explains short and sweet with full sharing of knowledge of contents in it . Thank you and please do more and more videos on Law subject matters as a whole.
You teaching techniques are really amazing!! Plzz give the subtitles in every videos bacause people watch your videos from various countries ❤️❤️
I searched this topic and find you, you are such an amazing teacher your way of teaching is good i understand in first time
U r best teacher keeping in mind the demand of his student. Please continuing lecture series..
Thank you 😊, Sure!
wonderful
Mam literally I had so much confusion in this but you cleared everything you are the best🙏
I don't have any kinda relation wid law.. but becoz of u im here watching all ur videos.. love u mam😍
Thanks for making this topic understandable in easy language.
Thank you so much mam.....you taught difficult things in such easy way and that too with example...This is very helpful mam :)
Ma'am great to see your videos a very big thanks to you..kal meri presentation hai aur aaj hi apki yeh videos dkhne k baad sab smjh agya thankyou for helping me. I'll pray you grow more and more.
Thank u so much ma'am ...your video makes me understand the company law better ❤️❤️❤️❤️
You are a example of good teacher and same time cute too... Love your explaining method.. Keep going .. Good to know that your channel is from my town Raipur. . ❤️
My favorite online teacher, best teacher❤❤❤❤Ma'am🙏🙏🙏
The case diagrams are really helpful.Thankyou🤗
Your way of teaching is excellent .
Wow mam... Aapki ki Explaination mughe ek bar m hi smgh aa jati h
Outstanding Vdo mam 🥳😁
Me jab bhi youtube pr kisi law ke concept ko dhundtahu aur agar uspe aapka vdo he ...to mere liye vh topic asan ho jata he ...😊🙏
💖 from jalgaon 🥰
Unique way of teaching ma'am 🔥👌
Mam u r best teacher and ur friendly nature is very supportive... This video helps me a lot
Glad to hear that!
Can you make company law videos
They are very easy to understand
Your way of teaching is amazing
very useful... no need to open books now.. um ready for my today's exam 3rd sem LLB... Thanks... keep posting
U r very good teacher. And explain the topics very well. U r my faviourate one...
Thank you so much
Please English digital
Best youtube class ever !
Mam u r the best u have solutions of every problem😍😍
खान sir ki tarah aap bhi achche or saste कोर्स चलाए, ताकि सभी का भला हो
Book mein padh ke nahi samjha, lekin aap ne bahut acche se samjhaya. Thank you.
Dii your voice is too attractive.. It make me to listen your videos more carefully... Thank u 4 making videos 4 us. 😀😀😋
Wonderfully summarized 👍👍
You are so soooo awesome... You made this so easy to understand ... Thank you thank you thank you so much... Keep going mam.. so swt of uoy
Tnqu maam ....for such informing videos and detailed teachings.
बहुत ही अच्छा explaination है thanks Madam 🙏
Thank you for explaining well 👍👍
Love u mam kl hi mera paper h or appne ítne ache se smjhaya kbhi bhuluga ni case
Mam .. you teach so well .. happy student here .. !
Best teacher ever❤
Greetings from Mauritius and Thank You for being a fantastic lecturer.
Many thanks!
Truely amazing explanation ma'am 👍
Thanks
You're welcome 😊
Ma'am ur explaination is just amazing .....short nd precised ....◉‿◉
You made it simplified! thankyoi!
You are really awesome.....Ma Saraswati hai tu 🙏🏻🙏🏻
Mam you are too good . The way of your teaching is great it would helpful to understand greatly
Glad to hear that.
Hi, could you please explain in detail of court inside practical civil ad criminal cases how they start from filing a case till the end, with this many people will benefit and aware important legal proceedings with more confidence and no confusion.
You are the best teacher👩🏫👍💯
you are the only teacher i can depend on . I have purchased two of your courses I like it . God bless you mam and keep up the hard work mam .Be safe mam.
Thankyou!
@@_FinologyLegalyour welcome mam .
Yaar kitna badiya samjhaya hai aapne thank uhh didi ❤️
I m waiting for this ❤️
Best teacher ❤
U r explanation is wonderful
I urgently need the video for article 25,26,27,28,29,30,32 of indian constitution.... as i have my exams from the second week of december and your videos are really helping also my whole college watches your videos.... and not only me, all of us need videos on these articles.
So if you can make videos on these articles it will be a great help... and kindly keep in mind my exam date it's second week of december 2019.
You and your team are great 👍
Didi u explain very nice u re such a brilliant person
the way you teach is great
There are other factors also when corporate veil is being lifted - 1. When company is merely treated as an agency or trust.
2. To punish real persons in quasi criminal cases.
3. To prevent abuse of process of law.
Will you please explain point 1. When company treated as agent.
Mam I just looked at your videos and passed first sem of law. Thank you so much
🤓 Great!
Very Simple And Easy Explanation
Thank You mam
Thanks for liking
It's very helpful 👍thank you didi
Bye bye is heart touching way as you do it
Bahhot khoob u are such a god ... in face of a big sister ☺️
Your explanation is too good thanks ma'am
Thankyou!
Hi Ma’am, Firstly, thank you for making these videos. Additionally, I wanted to know if you will be teaching the Company Law Course by Finology Legal.
Addicted to law teacher and best teacher of india
Thank u mam.... This was really informative🙏☺
Thank you
Best RUclips channel
Thank you mam. You explain very well.
Welcome 😊
The most unbiased way of explanation.
Hello Ma'am
Can you please tell me that lifting of corporate veil act is used in Yes bank case also?
Perfect mam i have paper after 2 days thank you❤
It was very helpful... Thank you
Ma'am, I'm going to purchase your course on company law and I just wants to know the name of the book of company law which you were holding in that introduction of the certificate course series?
Excellent Presentation
Can you explain about "Co Act does not provide statutory recognition doctrine to lifting of corporate veil, only judicial interpretation disregard the concept seperate personality"?
Awesome Mam please make a playlist for upsc optional
Beautiful explanation and voice
Mam plazz make videos subject wise playlist for academic semister your explanation is much better than our professors
Love ur teaching art
WOW WOW MAM THANKS FOR EXPLAINING U R EXPLAINATION WAS AWESOME
Most welcome 😊
Exelent Law teacher in INDIA👌
அஅஉஆஉஉஊஊநவனொஉஹ
Thank you ma'am ♥️
you r fantastic teacher ....ur eligible to upsc .....and crack
Very nice way of teaching
She's the best no doubt ❤️
Very helpful teacher ji 😊
Thank you Sister,take love❤️
Mam please make videos on all bill introduced and act will be form also passed act by goi in 2018-19...
Mam aap bhot accha padhati hein.🙏
A Video on TRIPS agreement would be nice plz....
Nice easy to understand concept
Just re check the Daimler Co Ltd v Continental Tyre and Rubber Co (GB) Ltd case explained. You explained Daimler is Germany shareholders owned company, But it should be other way as All except one of Continental Tyre and Rubber Co Ltd's shares were held by German residents and all directors were German residents. The secretary was English. Continental Tyre and Rubber Co Ltd supplied tyres to Daimler, but Daimler was concerned that making payment might contravene a common law offence of trading with the enemy as well as a proclamation issued under s 3 (1) Trading with the Enemy Act 1914. Daimler brought the action to determine if payment could be made, given that it was the First World War.
Superb mam nicely explained
I was waiting ma'am👌👌👌
super sa upper wala video🔥🔥🔥🔥🔥
Thanks ,helful for CA foundation
Thanku for this lecturer keep it up
daimler vs continential aapne aache se samjjhaya, mujhe actually us case ki full details chaiye agar aapke paas koi link ho
Best class in a summarised way keep it up mam
Law student
Mesmerizing video❤
A video on financial relation between state and center
You are excellent Mam.