Amendment status not verified — confirm the current text below against the official source.
(I) Where a person committing contravention of any of the provisions of this hI ((llIlfliinics. Regulation or any rule or order made thereunder or any of the conditions ofa licence granted under it is II company, eye!') person who, at the time the contravention was committed, was ill charge or. IIl1d was resp .msible to UIC company for the, conduct of the business or the (,'OJllpany, ns well as the company, shall be deemed to be guilty of'the contravention and slndl he liable to be proceeded against and punished accordingly: Prov ideo that nothh.g contained ill Ihis sub-section shall render any such person liable to any punishment.ii]' he proves that the contravention was commiucd without his knowledge or that he had exercised all due diligence to prevent the commission of such contravention. (2) Notwithstunding anything contained ,in sub-section (1), where n contravention under this Regulation or imy rule or order made thereunder or any of the conditions of a licence granted under it has been committed with the consent or connivance of, or is attributable to any neglect on the part of, any director, maneger, secretary or other officer of the coanpnny, such director, manager, secretary or other officer shall be deemed to be Sllilt~ of that contravention and shall be liable to be proceeded against and punished accordingly. bp/Wl(Jfion.-ror Ihe purposes of this section,- (tI) •• company" means any body corporate ami includes a firm or other association 01 individuals; and (b) "director", in relation to a firm, means Ii partner in the fum. CUAPTERIV ' MISCELLANEOUS