How they used Rs. 1 Crore Contract to deceive me!

[@TaxationWithCASahilJain]

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]

Something new and fresh litigation 💯🙏 Tremendous work sir 👍👍

[@piyushshrivastava7738]

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]

Sir you said you'll be uploading subtitles for the previous video but you didn't! Any specific reason?

[@nishantjain4733]

Any hint on the co. Name ?

[@vishwasjaiswal4656]

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??

[@NisarASarkar]

I never seen such a teacher who is explaining practical issues which were happened in the practical life. ❤ sir

[@anonymouswrites]

👍

[@chaitanyars]

It's called doctrine of seperate legal entity/corporate veil.

[@ssmustafa2676]

This guy has the talent to explain properly and clearly without using big fancy words. Happy to see someone doing this, Amazing work.

[@CoolDopa_qx8ti]

You are undisputed torch bearer for CA community. Atleast for me.

[@ayushimishra1912]

For me

[@farjaalahmad]

Nicely explained and taught well without getting the audience bored. Huge round of applause for you. Love from Pakistan

[@SEE002]

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]

😂😂

[@kritikasharma4176]

😂😂

[@arpitchaudhary10]

Coming from non financial background, being into engineering, I appreciate your way of lucid explanation about contracts.

[@MohitYadav-zw5ch]

I'm a CA foundation Student Sir 😘🤗 Great Real life Example We want more such kind of video related to our practical CA fraternity 🙏🏻

[@prakash2814]

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.

[@manishpatil4854]

Kya tagda padahte ho Sir Ji. Final ki classes to aapse he lunga. #RESPECT #LEGEND ♥

[@its8526]

Please never stop posting... You've an elixir of Knowledge

[@TaxationWithCASahilJain]

Comments like yours won’t let me stop posting. Thanks for the love ❤️

[@asmitasolanki5]

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.

[@raghuramkothamasu8094]

Thanks

[@santanugayen208]

"doctrine of constructive notice " Before signing any contract try to study MOA and AOA ...... 🙏

[@somnaththakur5099]

I was thinking the same

[@shashankke250]

Or else see MCA😅 Because practically other client doesn't give AOA🤔

[@arjungupta5614]

0

[@deekshashukla7619]

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🙏

[@kaushik22_]

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_]

Thank you sir 😊😊

[@maskedtitan22]

Everyone else gives Theoretical knowledge but you always come with practicle knowledge

[@ArunMaheshwari1302]

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 !

[@whoanshulmittal]

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 ❤️❤️❤️

[@simerdeepsingh3379]

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]

They be like :👁️👁️ 👃 👄

[@nirmalyaster]

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..

[@Enthu_cutlet]

Randomly stumbled across your video man. Thanks to KZbin for making this happen! Literally, the most practical teacher/mentor I’ve ever come across!

[@The_Rajeev_16]

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 ❤️✍️

[@atulgoyal4758]

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 🙏

[@79MD]

What a beautiful explanation of "deceptive clauses" in contract. EYE OPENER ! People sign (actually) without completely reading contracts. Really thankful for such a lecture !

[@phanindraraj8187]

A symbol of excellence again sir to prove that you are the person who helps students to be professionals when they actually become.

[@bharatiyajan]

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

[@siddhantrokade8652]

I'm not CA student but I love to watch your video. It's so informative.

[@shivamkarwa4608]

People like you make this professional so respectable 👌♥️

[@shaikusman536]

Bravo .....CA ho to Aisa......... wah sir ji wah.....May Allah guide you the right path brother ...Ameen... keep educating people...

[@vidyutmankodi5159]

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.

[@absarhaque4568]

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 🤗🤗

[@sameerhalder786]

The way u teach is excellent we need more sir like u. Thank u for explaining it in a very simple way.

[@sitangsuchanda5251]

There is no any other channel like your this type of useful channel. This channel is very very helpfull to us

[@keyurshah5029]

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.

[@TheNicevideoclips]

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. 👏

[@deadpoolspeaking]

Your communication skill and confidence is impressive 🔥🔥🔥 I immediately subscribed you !! Your knowledge is awesome!!

[@Mrbbb005]

Proud to be CA student that i know about corporate Vail and exception of this.... Your video deserve more views and like sirr❤

[@namrata7675]

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.

[@cadivyanshaggarwal5446]

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 !

[@karanbhawnani7275]

Sir i am not a CA student but i never miss your video because of knowledge man, i love this type of concept :D

[@kuldeepsingh-bs9mp]

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🙏🙏🙏🙏

[@manaspatke5940]

Man you are the best teacher I've ever had in my life. Keep up the good work.

[@hj_singh]

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 💕💕💕

[@jainshivi921]

Each of yours video teaches us how to use our unused huge knowledge in different angle. Liked your all videos 👍👍👌👌👏👏😍😍

[@SubrataSarkar]

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]

Sir teaches tax, not audit

[@sweta442]

I watch All vedio of sir.. No borroing.. Every video learning something new.. It's very helpful for everyone... Professional

[@Bombieuser]

Me ca toh nahi hu paar phir bhi apki videos dkehta hu educational aur life lesson hoti hai 🤝

[@leftonly4years]

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..

[@rohankhanolkar3616]

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.

[@Alexzz988]

One of the most knowledgeable video I found on youtube hats off to you bro

[@mohammedsami9362]

Dil jeet liya sir ❤️

[@seventhunderspeoplebrother9667]

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.. 😁

[@Hello-pb12]

You are doing wonderful work......keep doing learning lot of things from you

[@Wisdomedits_official]

Thanks I becomes speechless after every video I sees of yours😇😇😇😇

[@santhosh5085]

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.

[@lakshmiprasannapopuri4665]

Wow....what a great explanation...u r teaching valuable lessons for practical professional life sir....🙏🙏

[@sachinmaurya7600]

Only you are sir providing real life ....example ...thanq so much sir🙏❤️

[@mr.khannn3967]

suprrr amazing...sir phli bar muje apki sari videos ka mja ek sath aaya phli bar trust me..suprb🍾🍾🍾🍾🍾

[@sushilkhandelwal6620]

Keep it up sir...we eagerly wait for your such videos of real life experience.....

[@indrajit0072]

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.. 😍😍

[@mukeshparmar1948]

Sir Really worth watching this video you are really developing my knowledge every time thanks for sharing your experience with me 😊❤️

[@shubhambedmutha4558]

You'll find tonnes of teacher out there teaching taxation theoretically... But only 1 gem teaching practical aspects. Thank you sahil sir. 🎊 🎉 ✌️

[@rajeshkumardalai2059]

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...

[@sd.6659]

Mind blowing explanation 👌👌😱😱😱😱😱

[@raghavkapoor5663]

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

[@hardikpatel9001]

Thank you for sharing your experience Sahil Bhai 🙏

[@vaidikshukla2801]

I am doing bcom but watching your videos in Free time! Your Videos are Knowledgeable!

[@bijaytarao2548]

A marvellous observation 🙏 we need more such practical knowledge 🙏 thank you Sir ❤️

[@letsgrow2974]

I am not a CA but loves to watch n learn from your video...😊

[@musaddiqali1]

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.

[@Makemegrow]

Thank you so much sir for giving this invaluable piece of content ❤️ We blessed to have people like you 😌

[@vaibhavRajpuT7272]

Sir I'm in CA INTER. very helpful sir. 🥰🥰

[@sumanssuman154]

Kindly expose your re-engineering and insightful financial knowledge through a common language i.e., English along with your convenient language amidst for the sake of changeover which could reach larger and diverse listeners and learners by overcoming the linguistic barriers.

[@CASTORIOGAMING]

mast channel hai....iam an engineer....but ajkal ye sheekhne mai maja arha hai..nice channel..finnaly subcribed your channel

[@educatoravinashshetty8960]

Great video with true practical insights🙌

[@jatinvaishnav978]

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☺️☺️

[@kingrbgaming1071]

Just subscribed to the channel after watching your 1st video... Your explanation skill is amazing, no doubt why you are in teaching profession.

[@_PrajaktaMokale]

Thank you so much sir for sharing your experience 🥰🥰🥰🙏🙏

[@sanketgupta5271]

I can't believe about your depth of knowledge sir 🙏🙏

[@usaldldld]

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.

[@priyaved5740]

Sir thanks to educate & motivate us for alertness.🙏🙏🙏🙏🙏

[@anonymousperson5310]

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!🙌🏻

[@rahulsindhav]

Good work sir. Really appreciated your effort for sharing such crucial information and loopholes of corporate agreements.

[@bansalanurag3]

I have not been able to watch your videos sir for so long.. today I'll binge watch all your videos.. 😁👍

[@allthingsengineering7922]

love your videos till now i am watching your videos continuously. Your knowledge like a addict to me . Thankyou for sharing this

[@sandipbehera3619]

Thank u so much sir for providing such grateful knowledge, all the professionals should be understand this concept

[@mahirshaikh8971]

Sir pls continue this type of videos it's amazing and give us practicle knowledge love ur works ❤️

[@ashwingiri1510]

Love you sir. That's financial knowledge 101.

[@BhagwatAshraya]

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]

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]

@@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]

@@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]

@@nishitpatira1740 👍

[@user-iv9py4yp4u]

Outstanding excellent mind-blowing sirji👍 Hoping that contract is still going on😅

[@srikanthlahoti8748]

Love your approach.....the way you explain with practical insight ❤️

[@vaibhavsingh9104]

Thankyou. Soo much sir Learnt a lot from this video hope to get some more awareness in coming future Thank-you for keeping us awake😍🥰

[@123Ambarish]

Wow! Quite an interesting video...never knew such things could happen...thank you so much for this sir! 😃

[@rikinkachalia2475]

Got to know something new. Great Sahil Sir. 👌👍Looking forward for more real life examples.

[@Rohit.verma.]

Thank you so much Mr. Sahil it's a very helpful video, truly market me koi bhi Chartered ye sb internal secrets nhi btata.

[@YASHMISTRY93]

Mind blowing 😨🔥

[@sahilbajaj9301]

Great sir, your efforts to provide as practical knowledge. Thanku ❤

[@ayushgupta695]

Loved the way you teach

[@SK-gx5jx]

Sahil sir you are next level teacher .I see .respect and preach you as God next level in education