The legal use of the word ‘person' has attracted an assortment of theories which is probably second to none in volume. ‘Person' in law, is both the recognition of an entity as well as the acknowledgement of such an entity's rights and interests. Granting of ‘personhood' states then enables an entity to undertake acts and relations that are recognized in the law. In the realm of law, the term ‘person' is nothing more than an abstraction - a representation through the form of an entity either real or artificial, of certain attributes.

2. A Corporation is an artificial person enjoying in
Law capacity to have rights and duties and
holding property.
There must be three conditions :
Firstly, there must be a group or body of human beings
associated for a certain purpose;
Secondly, there must be organs through which the
corporation functions;
Thirdly, the corporation is attributed will by legal
functions.

3. KIND OF CORPORATIONS
Corporations are of two kinds:
I. Corporation aggregate
II. Corporation sole

4.  A corporation aggregate is an association of human beings
united for the purpose of forwarding their certain interest.
 For certain reasons company has an independent existence
from those of its members. It is for this reason that the
company may become insolvent but its members may still
rich and wealthy.

5.  Corporation sole is an incorporated series of successive persons.
 Corporation sole are the holders of a public office which are
recognised by law as corporation. The chief characteristic of a
corporation sole is its “continuous entity endowed with a
capacity for endless duration”.
 In corporation sole single person holding the public office holds
the office in a series of successions means his rights, liabilities
and property do not extinguish but they are vested in the person
who succeeds him. So after the death of the person his natural
personality is destroyed but legal personality continues to be
represented by the successive person.

6.  Where the legal entity of the company is being used for fraudulent and
dishonest purpose, the individuals concerned will not be allowed to take
the shelter behind the corporate personality.
 The corporate veil of a company may be lifted to ascertain the true
character and economic realities behind the legal personality of the
company. This may be disregarded in the following cases :
1. Where the corporate personality has been used for fraud or improper
conduct, the courts have lifted the veil and looked at the realities.
2. The corporate veil of the company may be lifted where its a corporate
facade is in reality only an agency.

7. 3. Corporate veil may be lifted where the company is engaged in activities
which are against the public policy.
4. For determining the real character and status of the company, the court
may ignore its separate entity and lift the corporate as held in Daimler
Co. Ltd. V. Continental Tyre & Rubber Company.
5. Where the corporate facade of the company has been used for evasion
of taxes or duties.
6. Where it is found that the sole purpose of the formation of the new
company was to use it as a device to avoid or reduce payment of bonus
to workers, the Supreme Court pierced into the corporate veil to look
into the real transaction.
7. The courts have sometime lifted the corporate veil in quasi-criminal
cases relating to companies in order to look behind the legal person and
punish the real persons who have violated the law.

8. Case
Salomon v A
Salomon & Co Ltd