Law · Company Law - Piercing the Corporate Veil
Which of the following is a statutory ground for lifting or piercing the corporate veil under company law?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The company has failed to achieve its primary object clause
- 2The company was established for an illegal purpose
- 3The company's officers have been found liable for wrongful trading✓
- 4The company is established as a facade concealing its true purpose
Correct answer
The company's officers have been found liable for wrongful trading
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