Some of you might feel that the Corporate Veil can be lifted here to sue the Big Company by claiming this arrangement to be a Fraud but that won’t be possible. What the big company tried to do cannot be termed as a “fraud”. I being one of the parties to the contract could’ve easily checked the capital of small company as it is out there in the public domain. Also, everyone knows that liability of such companies is limited to their capital. The only thing that the big company tried to do is to use the contracts smartly to their advantage. You can’t claim it to be a fraud to remove the corporate veil. Hence, a knowledgeable person should always be careful while entering into any sort of contracts.
@maheshjain6707
2 жыл бұрын
Something new and fresh litigation 💯🙏 Tremendous work sir 👍👍
@piyushshrivastava7738
2 жыл бұрын
Sir tremendous case study 👏👏.... Really I'm a CA foundation student and really I loved the way u explained of this story and many others too 💕💕......really sir mazaaa aagaya Love you
@charooramnath8330
2 жыл бұрын
Sir you said you'll be uploading subtitles for the previous video but you didn't! Any specific reason?
@nishantjain4733
2 жыл бұрын
Any hint on the co. Name ?
@vishwasjaiswal4656
2 жыл бұрын
Thanks Sir, But in your case if you have entered into contract by creating a company in which you have Director in that case I think, Corporate Veil Theory can be lifted. Is that true??
@Nisar.Ahamed
2 жыл бұрын
I never seen such a teacher who is explaining practical issues which were happened in the practical life. ❤ sir
@anonymouswrites
2 жыл бұрын
👍
@chaitanyars
2 жыл бұрын
It's called doctrine of seperate legal entity/corporate veil.
@GauravKumar-qx8ti
2 жыл бұрын
You are undisputed torch bearer for CA community. Atleast for me.
@ayushimishra1912
Жыл бұрын
For me
@SEE002
2 жыл бұрын
When the so called big company said aapka bhi ek small company bana lo, Sahil sir be like:ek ghuma k mukka maarunga na😂😂😂😂old viewers will relate
@caajitmishra9590
2 жыл бұрын
😂😂
@kritikasharma4176
2 жыл бұрын
😂😂
@ssmustafa2676
2 жыл бұрын
This guy has the talent to explain properly and clearly without using big fancy words. Happy to see someone doing this, Amazing work.
@farjaalahmad
2 жыл бұрын
Nicely explained and taught well without getting the audience bored. Huge round of applause for you. Love from Pakistan
@arpitchaudhary10
2 жыл бұрын
Coming from non financial background, being into engineering, I appreciate your way of lucid explanation about contracts.
@santanugayen208
2 жыл бұрын
"doctrine of constructive notice " Before signing any contract try to study MOA and AOA ...... 🙏
@somnaththakur5099
2 жыл бұрын
I was thinking the same
@shashankke250
2 жыл бұрын
Or else see MCA😅 Because practically other client doesn't give AOA🤔
@arjungupta5614
2 жыл бұрын
0
@MohitYadav-zw5ch
2 жыл бұрын
I'm a CA foundation Student Sir 😘🤗 Great Real life Example We want more such kind of video related to our practical CA fraternity 🙏🏻
@kaushik22_
2 жыл бұрын
Your voice is so calm, nice and smooth , sir !!☺️☺️ I really like your video for practical knowledge and listen to your voice. By the way, i am ca foundation student .
@kaushik22_
2 жыл бұрын
Thank you sir 😊😊
@simerdeepsingh3379
2 жыл бұрын
Just imagine that company seeing this video and realising ki galat insaan se panga le liya😂😂😂 Tum sher to hamare sir babbar sher BTW that company to sir: jor jor se chilaa ke sabko scheme batade😂😂
@abhayvaidya8416
2 жыл бұрын
They be like :👁️👁️ 👃 👄
@maskedtitan22
2 жыл бұрын
Everyone else gives Theoretical knowledge but you always come with practicle knowledge
@manishpatil4854
2 жыл бұрын
Kya tagda padahte ho Sir Ji. Final ki classes to aapse he lunga. #RESPECT #LEGEND ♥
@asmitasolanki5
2 жыл бұрын
This is such an amazing video on so many levels. The complications that may arise on ignorance of very simple terms. Most of us are aware of Corporate Law but still such rookie mistakes may be made by us. It was a good guide to not take anything for granted. The practical aspect of it was very good.
@whoanshulmittal
2 жыл бұрын
Bestest teacher ever ❤️, just randomly founded your one video during my articleship, and sawed your entire content and showed my knowledge to colleagues and get famous in my firm 😂😂😂, again thankyou so much sir ❤️❤️❤️
@prakash2814
2 жыл бұрын
I hardly paid any attention into these thing, but after watching your videos, my eyes opened up. On behalf of myself and family, i wish you THANK YOU. 😊 Please keep. Making such informative videos.
@deekshashukla7619
2 жыл бұрын
Sir you have all my respect for your initiative towards making CA students fall in love with this profession even more...thank you so much🙏
@its8526
2 жыл бұрын
Please never stop posting... You've an elixir of Knowledge
@TaxationWithCASahilJain
2 жыл бұрын
Comments like yours won’t let me stop posting. Thanks for the love ❤️
@atulgoyal4758
2 жыл бұрын
Sir you are the only teacher I have found who goes beyond classes which make us feel we are truly in a professional course nd help us learning how to apply knowledge practically👌. Respect 🙏
@The_Rajeev_16
2 жыл бұрын
Sir you are awesome...the practical knowledge u have is incredible amazing outstanding... I m a ca foundation aspirant ...my attempt is may 22 .. right now i am in class 12...after passing the foundation..i will definitely going to take TAXATION CLASSES FROM YOU in ca inter ..love you sir ❤️✍️
@phanindraraj8187
2 жыл бұрын
A symbol of excellence again sir to prove that you are the person who helps students to be professionals when they actually become.
@karanbhawnani7275
2 жыл бұрын
Sir i am not a CA student but i never miss your video because of knowledge man, i love this type of concept :D
@ArunMaheshwari1302
2 жыл бұрын
Apko sunna bht acha lagta h..you provide knowledge with real life examples..that’s the best thing anyone can do for others..it helps to retain concepts forever !
@Enthu_cutlet
2 жыл бұрын
Randomly stumbled across your video man. Thanks to KZitem for making this happen! Literally, the most practical teacher/mentor I’ve ever come across!
@hj_singh
2 жыл бұрын
I'm currently pursuing MBA not CA but still, I watch all of your videos to get a better understanding of laws nd companies so that I can stay aware in future when I start my own businesses 💕💕💕
@absarhaque4568
2 жыл бұрын
Sir aapki aawaj bhot achi h Aur pace v acha hai Na jyada fast Na jyada slow Overall best And case studies are awesome. I saw all video 🤗🤗
@79MD
2 жыл бұрын
What a beautiful explanation of "deceptive clauses" in contract. EYE OPENER ! People sign (actually) without completely reading contracts. Really thankful for such a lecture !
@raghavkapoor5663
2 жыл бұрын
Thanks a lot for such a great video. But just wanted to ask, One could still sue the small company and plead that it was created to act as a mere agent of its holding company (Case law: British Transport commission vs Merchandise transport ltd) or to 'defraud a creditor' (Case Law: Horne vs Gilford Motor Co.) and this would give sufficient reason to the court to lift the Corporate veil as in this case the small company loses its separate entity in the favour of its holding company
@vidyutmankodi5159
2 жыл бұрын
Contracting is my favorite subject. I read each word and line and try to find its operatibility. I have finalized number of contracts and have learnt many things in the process. It is very interesting exercise. Thanks for update.
@siddhantrokade8652
2 жыл бұрын
I'm not CA student but I love to watch your video. It's so informative.
@TheNicevideoclips
2 жыл бұрын
Excellent information sir. Thank you for presenting such a practical example. 👍 I truly believe our signatures have more value than we are aware and we need to be highly vigilant before signing any document or contract. 👏
@cadivyanshaggarwal5446
2 жыл бұрын
Insightful indeed sir ! One suggestion - you could have maintained the agreement as it is, but at the same time you could have asked the big company to provide guarantee on the agreement in case small company defaults anytime !
@shivamkarwa4608
2 жыл бұрын
People like you make this professional so respectable 👌♥️
@nirmalyaster
Жыл бұрын
I am becoming a die hard fan of your intelligence and witty gestures. Hats off to your smartness and thanks a ton for sharing and educating others..
@deadpoolspeaking
2 жыл бұрын
Your communication skill and confidence is impressive 🔥🔥🔥 I immediately subscribed you !! Your knowledge is awesome!!
@sitangsuchanda5251
Жыл бұрын
There is no any other channel like your this type of useful channel. This channel is very very helpfull to us
@bharatiyajan
2 жыл бұрын
very well explained. even though i had commerce in my +2 and tried my hands on b.com and even ca beginner level but changed course midway, i was never very fond of commerce related case studies because i was bored of business law and company law. by listening to your explanation of case studies, i can at least now understand basic things
@keyurshah5029
2 жыл бұрын
this kind of video is the usp of this channel. totally practical and real videos which gives knowledge as well as awareness to the people. keep it up doing. awaiting for more videos.
@jainshivi921
2 жыл бұрын
Each of yours video teaches us how to use our unused huge knowledge in different angle. Liked your all videos 👍👍👌👌👏👏😍😍
@sameerhalder786
2 жыл бұрын
The way u teach is excellent we need more sir like u. Thank u for explaining it in a very simple way.
@SubrataSarkar
2 жыл бұрын
If i had been doing CA I would definitely learn auditing from you, you're damn cool! The case studies you put up are actually very complex but you make them very easy to wrap around my head! Kuddos
@prajaktkhobragade1004
Жыл бұрын
Sir teaches tax, not audit
@sunitdey69
2 жыл бұрын
Proud to be CA student that i know about corporate Vail and exception of this.... Your video deserve more views and like sirr❤
@namrata7675
2 жыл бұрын
sir, few months back while studying law for ca foundation, i had been wondering why we have to do this and thinking that it was so boring but now i realise the knowledge is so useful. thank you.
@shaikusman536
2 жыл бұрын
Bravo .....CA ho to Aisa......... wah sir ji wah.....May Allah guide you the right path brother ...Ameen... keep educating people...
@kuldeepsingh-bs9mp
2 жыл бұрын
Seriously ... Sir you are the only one teacher who is giving the real world knowledge........ This is must required..... Bookish knowledge to sabhi le hi lete hai... But real to yhi hai... Thank you so much sir..... Please keep uploading such type of vedioes..... Ap hi guru ho🙏🙏🙏🙏
@Alexzz988
2 жыл бұрын
One of the most knowledgeable video I found on youtube hats off to you bro
@CASTORIOGAMING
2 жыл бұрын
mast channel hai....iam an engineer....but ajkal ye sheekhne mai maja arha hai..nice channel..finnaly subcribed your channel
@manaspatke5940
2 жыл бұрын
Man you are the best teacher I've ever had in my life. Keep up the good work.
@naruti3992
2 жыл бұрын
Me ca toh nahi hu paar phir bhi apki videos dkehta hu educational aur life lesson hoti hai 🤝
@rohankhanolkar3616
2 жыл бұрын
I am not a CA student but Still I love to watch your videos because of your skills of teaching concepts and always endeavor to learn economic related knowledge.
@adityabhatia7861
2 жыл бұрын
I studied lifting of corporate veil - formation of subsidiary acting as an agent and consideration may move from one person to another like in this eg consultancy fees can be given by small co however this is actually fraud (sec17) but still Sahil sir helped me in learning these things in a practical way . Thankyou sir ❤️❤️❤️
@BhagwatAshraya
2 жыл бұрын
Sir good explanation. Learned some quality drill down to read contract. But one practical question came in mind. Your monthly invoice is about 10 lacks ryt as per example. In that case, what about over due invoice for 3 months hence the liability for that company will be 30 lacks and if you sue that paper company for overdue invoice payment, max you can get 1 lacks as the company having net capital of Rs. 1 lacks only and if many like u sue to that company, possibilities might be you end up recovering nothing. Is my interpretation correct Sir?
@TaxationWithCASahilJain
2 жыл бұрын
Your interpretation is correct but your assumption that we give credit of 3 months is wrong. All our payments are cleared on a monthly basis limiting our exposure to a bearable extent.
@Unknown-ii7iw
2 жыл бұрын
@@TaxationWithCASahilJain i am not into the ca thing or accounts. But, if* the subsidiary's capital is only 1L and suppose they have a 10L/month pay to you. Even if they violate the contract without paying you for the month, you will only get the 1L or the remaining 9L will be given from the main company when you sue the subsidiary? or how does it all go about?😅
@nishitpatira1740
2 жыл бұрын
@@Unknown-ii7iw That is correct. In the worst case scenario, Sahil Jain can recover only 1L from the company, irrespective of what is actually due to him. And even the 1L, depending on how many other creditors are there, it would get split between all of them.
@Unknown-ii7iw
2 жыл бұрын
@@nishitpatira1740 👍
@shubhambedmutha4558
2 жыл бұрын
You'll find tonnes of teacher out there teaching taxation theoretically... But only 1 gem teaching practical aspects. Thank you sahil sir. 🎊 🎉 ✌️
@sweta442
2 жыл бұрын
I watch All vedio of sir.. No borroing.. Every video learning something new.. It's very helpful for everyone... Professional
@rajeshkumardalai2059
2 жыл бұрын
Hnji.. Good evening...holds a separate fanbase.. ur concepts are brutally informative 🔥🔥Yes, am not a CA scholar but still a viewer of ur streams. 😀😀Keep inspiring sir...
@seventhunderspeoplebrother9667
2 жыл бұрын
Wha...sir salute to you... heads off you sir... 🙏🙏🙏🙏... thats the direct example become in reality when I was in Ipcc This is a lifting of the corporate viel.... Knowledge can do anything they don't know who u are sir.. 😁
@santhosh5085
2 жыл бұрын
At the beginning of the video I thought it's a click bait but God damn this video has substantially altered my perception. I was under the presumption that Companies are not so much well versed in legal matters but now I know that prevention is better than cure.
@bhumikachipad6698
2 жыл бұрын
Even before watching the video I am commenting today, for the fact that I really wanted to thankyou for super practical knowledge series that you have been coming up and sharing the most insights with us. I would profound and celebrate the honors, the learning and even your videos are like a short break from studies and the fun of learning new. A little favour sir, I wanted to know the reality, why coal in india is at huge demand and powercuts at delhi and The shares are booming up like anything Whats the reason? Thankyou so much :-) have a phenomenal day.
@leftonly4years
Жыл бұрын
I also thought that corporate veil can be lifted here just because , Formation of subsidiary to act as agent , here the principal will be held liable for acts of that company , But later I think , subsidiary company formed for Contractual purpose and it's all information available in general public not a inconspicuous thing , until it formed for Tax avoidance..
@bijaytarao2548
2 жыл бұрын
A marvellous observation 🙏 we need more such practical knowledge 🙏 thank you Sir ❤️
@rohan9106
2 жыл бұрын
Another informative video. Sir could you also make a video on how did you used to manage your work life during articleship with studies ? It would give many students much needed guidance 😃
@usaldldld
2 жыл бұрын
Good video. That’s the exact reason why people in the USA form LLC, not matter how much the amount someone want’s to sue for, it will only be limited to the net worth of the LLC itself.
@hamidkhatri89
2 жыл бұрын
Apki smile hi bata rahi he ap ki khushi..... Aur apki story kisi suspense thriller jesi he.....
@user-iv9py4yp4u
Жыл бұрын
Outstanding excellent mind-blowing sirji👍 Hoping that contract is still going on😅
@alphabetagamma4142
2 жыл бұрын
The simplicity and brilliance of this scam is truly scary... If it was me, I would've definitely missed it.
@mr.khannn3967
2 жыл бұрын
suprrr amazing...sir phli bar muje apki sari videos ka mja ek sath aaya phli bar trust me..suprb🍾🍾🍾🍾🍾
@musaddiqali1
2 жыл бұрын
I am an Engineer and not at all interested in any CA stuff but the way you explain makes it very interesting to learn these.
@sushilkhandelwal6620
2 жыл бұрын
Keep it up sir...we eagerly wait for your such videos of real life experience.....
@mukeshparmar1948
2 жыл бұрын
Sir Really worth watching this video you are really developing my knowledge every time thanks for sharing your experience with me 😊❤️
@vaidikshukla2801
2 жыл бұрын
I am doing bcom but watching your videos in Free time! Your Videos are Knowledgeable!
@kingrbgaming1071
2 жыл бұрын
Just subscribed to the channel after watching your 1st video... Your explanation skill is amazing, no doubt why you are in teaching profession.
@anonymousperson5310
2 жыл бұрын
Damn, What a great Sense of story telling and giving the unvalued information at the same time. Brilliantly Explained, Made me subscribe on its very first video only!🙌🏻
@sajith6287
2 жыл бұрын
In short : Contract should me made only in b/w actual service provider and actual service recipient.
@Makemegrow
2 жыл бұрын
Thank you so much sir for giving this invaluable piece of content ❤️ We blessed to have people like you 😌
@life_zero_km
16 күн бұрын
You are doing wonderful work......keep doing learning lot of things from you
@indrajit0072
2 жыл бұрын
U r a mastermind.. First time watched your video.. U rocked brother..i am not from ca background .. But liked how intricately you found out loopholes.. 😍😍
@sachinmaurya7600
2 жыл бұрын
Only you are sir providing real life ....example ...thanq so much sir🙏❤️
@PushkarGoggiaa
2 жыл бұрын
You are always coming up with such amazing Videos Sahil Ji. Can't thankyou enough. I am not a CA Student but still i get to learn a lot from your videos. You are an amazing Teacher ! Love & Respect to You ! ❤️
@shuvodeepash3467
2 жыл бұрын
Absolutely love the way you explain sir...Just one question Sir what was the point of even entering into that Revised Contract because if we go by the numbers in your example you are entitled to Rs 10 L monthly as your Remuneration so if they don't pay you on time or not pay at all, you wont be even in a position to recover Rs 1 Lakh from them let alone Rs 10 L as you said they must have entered into similar contracts with various other entities through that small Co.....Assuming you don't even give them 1 month credit and send invoices weekly or something in that line then also its unlikely that your Payments are actually gonna be covered by that Contract in view of such a small Net Worth of the Paper co and it entering into similar contracts with so many others unless of course you take Advance Payments from them before rendering services, which obviously is not a very common practice in this industry.
@Geniusboy33
Жыл бұрын
Thanks I becomes speechless after every video I sees of yours😇😇😇😇
@letsgrow2974
2 жыл бұрын
I am not a CA but loves to watch n learn from your video...😊
@mahirshaikh8971
2 жыл бұрын
Sir pls continue this type of videos it's amazing and give us practicle knowledge love ur works ❤️
@bansalanurag3
2 жыл бұрын
I have not been able to watch your videos sir for so long.. today I'll binge watch all your videos.. 😁👍
@monu_8100
2 жыл бұрын
Can we expect a video on contract act, how are contracts made and enforced?
@lakshmiprasannapopuri4665
2 жыл бұрын
Wow....what a great explanation...u r teaching valuable lessons for practical professional life sir....🙏🙏
@pratik6342
Жыл бұрын
It's common sense for a CA student if he understands a separate entity concept.
@sailpotdar9444
2 жыл бұрын
Sahil Sir is Jitu Bhaiya for many he always makes video not related to Syllabus
@harshaggarwal6013
2 жыл бұрын
Sir one question. How will the big company treat the amount given to small company as an expense???? According to me it can be just given as advance or loan or something like that
@123Ambarish
2 жыл бұрын
Wow! Quite an interesting video...never knew such things could happen...thank you so much for this sir! 😃
@sandipbehera3619
2 жыл бұрын
Thank u so much sir for providing such grateful knowledge, all the professionals should be understand this concept
@jatinvaishnav978
2 жыл бұрын
Sir ji 1Cr ka contract !!!!! 1 ya 1.5 saal me...Now I am much more motivated to clear my 2nd Group of CA Inter☺️☺️
@Rohit.verma.
2 жыл бұрын
Thank you so much Mr. Sahil it's a very helpful video, truly market me koi bhi Chartered ye sb internal secrets nhi btata.
@hardikpatel9001
2 жыл бұрын
Thank you for sharing your experience Sahil Bhai 🙏
@ronakdodeja1678
2 жыл бұрын
i am an engineering student and still watch these videos. am i dumb?
@rikinkachalia2475
2 жыл бұрын
Got to know something new. Great Sahil Sir. 👌👍Looking forward for more real life examples.
@RajanRajan-on5fd
2 жыл бұрын
It's a complete misunderstanding, there is something called EOR services which is quite popular in EU and other part of world, where companies hire their professional on a EOR service provider, to save HR and Payroll cost and in case companies does not have established legal entity. You can always ask a letter named work assignment letter in case you are getting hired on an EOR
@rahulsindhav
2 жыл бұрын
Good work sir. Really appreciated your effort for sharing such crucial information and loopholes of corporate agreements.
@shingav
Жыл бұрын
What's the diff between Authorised & Paid Up Capital? Am not a finance guy but I like your videos/watch them with lots of enthu. Your way of teaching is very captivating
@hunnywilliams1794
2 жыл бұрын
I am not even a commerce student but still watch his videos,
@zackrazy8992
2 жыл бұрын
Knowledge>education.... something u won't learn in books
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