The Law on Lifting the Veil of Incorporation

You own a company X and it is run by an MD you pay every month. You decide to close the company down, but in the process of winding it up, you find out that the MD did very many wrong things, including misusing some of the company money to buy his own personal things. How do you pursue the MD? How can you lift the veil of incorporation?
What is Lifting the Veil of Incorporation? When can the Veil of Incorporation be lifted? Why would it be lifted? What happens when it is lifted?
Do not hesitate to contact me in case of any questions or comments at [e-mail].

[@kiyingiisaac6934]

Madam thnx for making me understand this concept

[@salhamnzava4818]

Thank you, appreciated ❤

[@murungironah7146]

Thank you Madam

[@odezysichone2634]

Thank you alot madam ❤

[@rwothomiyoivan8827]

Thanks madam Esther we appreciate you for all efforts your putting to educate may you please help us make a video on "management of a company" so that we can understand better. Thanks, as a class we really appreciate you 4 great job done May God reward you with blessings beyond what the world can.

[@ekm-law]

Thank you very much for the kind words. May you be blessed too.

[@munusam2400]

thanks so much madam for simplifying the veil of an incorporation.
But I want to inquire some thing, like if a
I give the points but not categorizing under statute or case law. will I be marked correct?

[@mulyowakelvin3379]

Am kindly requesting that you also submit on the difference between public and private company

[@KatushabeJanescovia-jq6iy]

Thanks madam I need something on the doctrine of ultra vires

[@mulyowakelvin3379]

thanks so much for this great teaching Counsel i have really benefited alot

[@munusam2400]

thanks so much madam for simplifying the veil of an incorporation.
But I want to inquire some thing, like if a
I give the points but not categorizing under statute or case law. will I be marked correct

[@luleamon5828]

Thanks Madam Esther, kindly assist in regards, does lifting the veil involve directors of a company or other members in the company can be parties in the matter.