Investor Presentaiton

SEPARATE LEGAL ENTITY A company "dies" only when it is liquidated, wound up or becomes insolvent or bankrupt. • This separate existence of the company is a significant principle in company law. • This principle was judicially established in 1897 by House of Lords, England's highest court, in the famous case of Salomon v Saloman & Co Ltd (1897) AC 22.4 ⚫ This important decision is called the Saloman principle.

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