Lifting the veil
It also referred to as “piercing the corporate shell” or ignoring the legal personality.
These are modifications to the rule in Salomon V Salomon and Co. Ltd 
They are circumstances in which the law disregards the legal personality of the company in favour of the individual members or the economic realities of a company and its subsidiaries.
These circumstances are recognised the Companies Act as well as the Courts for example
When the number of members of a company falls below the statutory minimum, group
Accounts, investigation of company membership and fraudulent trading. Courts of law on
The other hand have lifted the veil:
– To prevent perpetration of fraud or misconduct
– To ascertain a company‟s residence
– To ascertain a company‟s character
– To facilitate commerce.
Raising the curtain:
These are circumstances in which the law facilitates access to information about a company, generally beyond the public eye e.g. employees of the company.
It is accomplished way of investigating the affairs of the company either the registrar or
By an inspector or inspectors appointed the court or registrar.