In which TWO of the following circumstances may the veil of incorporation be lifted? (1) To allow directors of insolvent companies to be found liable for the debts of the company (2) To treat a group company as a single economic entity (3) To allow an auditor access to company records (4) To allow a private company to re-register as a public company
A、1 and 2
B、1 and 3
C、2 and 3
D、3 and 4
A、1 and 2
B、1 and 3
C、2 and 3
D、3 and 4
【参考答案及解析】
The veil may be lifted to allow directors of insolvent companies to be found liable for their debts or to identify a group as a single economic entity. Lifting of the veil is not required in the other two options.
The veil may be lifted to allow directors of insolvent companies to be found liable for their debts or to identify a group as a single economic entity. Lifting of the veil is not required in the other two options.