Lifting of corporate veil is permitted when :

CS CSEET · Business Laws and Management · PYQS · October 2026
Lifting of corporate veil is permitted when :
(A) Company is used for fraudulent conduct
(B) Company acts lawfully
(C) Company earns high profits
(D) Company has transferable shares

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Company is used for fraudulent conduct.

Topics: Company Law

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