The corporate veil refers to the legal distinction between a company and its members, directors, and shareholders. Once a company is incorporated under the Companies Act, 2013, it acquires a separate legal personality distinct from the persons who constitute it. This principle was firmly established in *Salomon v. A. Salomon & Co. Ltd.*, where it was held that a duly incorporated company is a separate legal person. Consequently, the company owns its property, enters into contracts, incurs liabilities, and can sue or be sued in its own name. The shareholders are generally not personally liable for the company’s debts beyond the amount unpaid on their shares. The corporate veil is therefore the legal barrier that separates the company’s identity from the identity of its members and management. The doctrine encourages investment and entrepreneurship by providing limited liability. However, this protection cannot be used as an instrument for fraud, evasion of law, or improper conduct. In exceptional circumstances, courts and statutory authorities may disregard the separate legal personality of the company and impose liability upon