by Pranjal joshi

1. Theory of Corporate
Personality

2. Theories are:-
1. Fiction Theory
2. Realist Theory
3. Bracket Theory
4. Concession Theory
5. Purpose Theory

3. Fiction Theory
• A corporation is clothed with a legal
personality. The personality of a
corporation is different from that of its
members. Corporation as an exclusive
creation of law.

4. Salomond:-
view that a corporation has a fictitious
existence. It distinct from its members and
capable of surviving even after all the
members have ceased to exist.
Gray:-
justifies fiction theory on the ground on
the ground that the main object of
incorporation is to protect the interests of
person having common objectives.

5. Realist Theory
• Every collective group has a real mind, a
real will and a real power of action. A
corporation therefore, has a real
existence, irrespective of the finds
expression though the acts of its directors,
employees or agents.

6. Thank You

7. Thank You