A Comparative Study on Lifting the Corporate Veil under the Companies Act, 1994 of Bangladesh and the Companies Act 2006 of the United Kingdom

Abstract

This dissertation compares how courts in Bangladesh and the United Kingdom treat the doctrine of lifting the corporate veil, starting from Salomon v A. Salomon & Co. Ltd and examining the Companies Act 1994 and the Companies Act 2006. The study reviews statutes, leading cases and scholarly writing to show where the two systems agree and where they differ. The UK has moved toward a narrow, principle base approach after Prest v Petrodel Resources Ltd, limiting veil lifting to clear cases of evasion of legal obligations and favoring other legal remedies. In Bangladesh courts apply the doctrine more widely to meet public interest and to combat fraud, tax avoidance and misuse of corporate form, but this produces uneven reasoning. The thesis recommends clearer rules, legislative updates and stronger judicial guidance so veil lifting is used consistently and only when necessary.