Piercing the Corporate Veil by Mr.PL. Venkatachalam is the Company secretary of ABT Foods & ABT Industries LTD, Coimbatore on 9th January, 2020
Department of Commerce organised a Guest Talk on the topic “Piercing the Corporate Veil” on 9th January, 2020 at LH8. The resource person Mr.PL. Venkatachalam is the Company secretary of ABT Foods & ABT Industries LTD, Coimbatore. He is the Associate member of Institute of Company Secretaries of India, New Delhi. The guest started the session by Introducing the concept Corporate Veil followed by the steps and procedures of the Corporate Veil. He further detailed on how the Corporate Veil was first pierced by quoting the landmark case of Solomon Vs Solomon Co. 1897 (UK). He also elaborated on how and when this concept was practised by giving an insight into Companies Act 1913,1956, 2013 and the changes made in the act in the consecutive years. On the whole, the session was informative and interactive with many real examples. The guest talk was coordinated by Mr. Pravinth.M and Ms. Rooba Shree.S of II B. Com PA.