Write briefly about the term doctrine of piercing the veil.
The veil is lifted as follows:-
(1) Whenever the courts find it necessary to take account of behaviour, they have to look at the flesh and blood actors behind the corporate façade Gilford Motor Co. v. Home.
(2) The acts of members are imputed to the company, even when they act outside its Constitution Parker and Cooper Ltd v. Reading.
(3) In tort it is usual to distinguish between intra vires and ultra vires torts. Strictly speaking, the commission of torts is never within the powers of a corporation; what is referred to by intra vires torts is torts committed in the course of doing something which is within the powers of the corporation. The actions of members of the ‘supreme directorate’ may sometimes be regarded as the ‘personal’ acts of the corporation.