https://www.taxtmi.com/manuals?id=406 A company is a statutory entity with distinct legal identity, limited liability, perpetual succession, separate property, transferable shares and separate management, bound by its Memorandum of Association. The corporate veil may be pierced for fraudulent or dishonest misuse, exposing individuals to personal liability for matters such as improper membership reduction, name misdescription, nondisclosure of subsidiary accounts, fraudulent conduct, failure to refund application money, misrepresentation in prospectuses, nonpayment of taxes and ultra vires acts. en-us Sat, 05 May 2012 15:10:00 +0530 Tue, 22 May 2012 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=406 A company is a statutory entity with distinct legal identity, limited liability, perpetual succession, separate property, transferable shares and separate management, bound by its Memorandum of Association. The corporate veil may be pierced for fraudulent or dishonest misuse, exposing individuals to personal liability for matters such as improper membership reduction, name misdescription, nondisclosure of subsidiary accounts, fraudulent conduct, failure to refund application money, misrepresentation in prospectuses, nonpayment of taxes and ultra vires acts. Manuals Companies Law Sat, 05 May 2012 15:10:00 +0530 https://www.taxtmi.com/manuals?id=406