False. In South Africa, a company generally has a legal existence separate from that of its shareholders. This principle is known as the "corporate veil," which means that the company is recognized as an independent legal entity, distinct from the individuals who own it. Shareholders' liability is typically limited to the amount they have invested in the company, protecting their personal assets from the company's debts and obligations. However, there are exceptions where the corporate veil can be pierced, typically in cases of fraud or improper conduct.
a company does not have legal existence separate from that of its shareholders in South africa
true or false
1 answer
1 answer