Blog by Niti Manthan
Facilitating young minds towards holistic development.
For the first time, the report of the Santhanam Committee attached the great importance to the emergence of crime and abuses known as “white collar” crime, which is also recognized by the report of 29th Law Commission in 1972. The study of the committee acknowledged the advent of the “mass society” with a tiny elite controller, promoting monopoly development and a deviation from ethical behaviour. White-collar crime is invisible in many different respects. The article will briefly outline some major questions dominating discussions of how this vast group of offences can be controlled.
The Doctrine of Lifting of Corporate Veil rests upon the concept of a Company being a separate legal entity, different from its members, shareholders or Directors. This article tries to examine the Doctrine and its underlying concept, the concept of piercing of corporate veil, the grounds under which the veil can be lifted and the provisions under the Indian law supporting the same. This article also tries to substantiate this Doctrine with relevant case laws.