Can you explain me in some simple language about case law Salomon v. Salomon & Co. ltd?
4 Replies
Vikas Kumar Gupta
(Student IPCC)
(408 Points)
Replied 06 August 2009
But I am unable to understand...
CAMohinderPartapSinghAhluwalia
(Chartered Accountant)
(169 Points)
Replied 07 August 2009
Vikas brother. it is a simple story. it only means that shareholders and company are different.
Shikha Sharma
(Chartered Accountant)
(311 Points)
Replied 07 August 2009
It just upholds the fact that a company has a separate legal entity than the shareholders....
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