Amendment status not verified — confirm the current text below against the official source.
OlY'cnccs by Comp~nics : (I) Where an offence under Ibis Ac! has been committed by a company. every person whl'). at lhe ume the offence was commiucd. W3S in charge of, and was responsible w. the company for the conduct of the business of the company, as well as the company. shall be deemed to be guilty C\f the oCfence and shall be liable 10 be procee.ded against and punished accordingly; Provided that nothine conr.ained in this sub-secuon shall render any such person li.able to any punishment if he proves that the offence was crmmiu.ed without his knowlcdge or that he had exercised all due diligence to prevent the commis.::ion of such offence. 6 OJ NOI ....·ilhs~ndinc any thing conLa.ined in sub·section (J), where any ulrcncc under this Act ~s been committed by a cornp3ny and il is pru\'cd that the offence has been commilled with the consent or eOnnl\'an:c of. or is attribUlable to any neglect on the pan oC. any director, nlanager, secretary or odler o((i«:r of the company. such director. maml£er. ~ccretary or other officer shall also be deemed to be £uilty of lhat offe'l(;( and shall be liable to be proceeded. against and punished accordingly. F.xpl:malion :- For the purposes of this Secton :_ (a) "Company" means a body corpornte and includes a form or olher association of indivM:tuals: and (b) "Dm:ctor" in relation to thai of a finn. moms a partner in the firm.