Question: According to S . 4 0 3 ( 2 ) of the Companies Act, the courts can pierce the corporate veil of a company if

According to S.403(2) of the Companies Act, the courts can pierce the corporate veil of a company if ____
1. The company was involved in fraudulent trading
2. The company continued to contract debts when there is no reasonable or probable expectation of those debts being paid
3. The company pays dividends to its members when it does not have available profits to do so
4. The company carries on business without at least one director who is ordinarily resident in Singapore for a period of more than 6. months
According to S.403(2) of the Companies Act, the courts can pierce

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