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Known as the Pearl of the Indian Ocean this island nation is situated at the bottom of India.

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Separate personality means that the artificial legal person, the company, can do almost everything a human person can do; it can make contracts, employ people, borrow and pay money, sue and be sued, among other things.

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A corporation is a separate legal entity from its owners.

The ‘veil of incorporation’ is the rather poetic term given to this separation of the company from its shareholders or members.

This separation of a company from its members was established in the House of Lords in the famous case. Salomon had a boot manufacturing business which he decided to incorporate into a private limited company.

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