ABC Ltd has been regularly paying statutory 'Annual Bonus' to its workers after including the dividends earned by the company on its share investments. On the advice of its consultants, the Company set up another company exclusively to hold its share investments. On transfer of shares, the amount of bonus got reduced and the workers applied for lifting of veil. Is the action of the workers legally valid? Explain the concept of 'lifting of corporate veil' and the implications of lifting it.