a) The principle of corporate legal personality is an important and fundamental aspect of company law.

Discuss this statement citing relevant decided cases. (6 marks)

(b) Ropoff Company Ltd., a private limited company, has been under inquiry on alleged fraudulent financial transactions. The officers of the company under suspicion have denied any association with the company.

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At the inquiry it was suggested that the corporate veil be lifted and the realities of the company in question be looked into.

Explain the instances when the veil of incorporation may be lifted. (14 marks)

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