Amendment status not verified — confirm the current text below against the official source.
awepmq or utilidun of foreign wmibrrtion, is w i n (~~mhbxl of such oEenm Wl -J9.tm@~.m w*~butbn for a p a ~ i d W ~ w y %m*.m~f:mm a. crmvic@q~: , , I . . .I- . ;~)>ii4'r: 1.3?.(19Whem an ~ ~ U n d e r t h i i s A c e o r a n y n i k o c w d a P ~ t h e ~ ~ ~ corsjai&&byt mmpasy, every person who, at the time thal~-wmayM, was in c h w Fl$l>@q .m wpaasible the V Y f',* FqJdW .9f f*rn%fl M WVRWI ir arpll WmPanYa shall be c k m d @& eq%9qp%#l%94&!?, Wk @& P%- W t a d ~ u n i w mfiia$l~: , . tr 'i ,AI) u-ti& , ~ r '- FravWWnothlqg mntained in thjs sub-mc4ibJn~l.reulcIm m e h p u m a 4 i i t m anypmhhnmt ifhe prow that the offence was cmmhdwibut ldpipIcmwk&sW he had WW &I due diligence to pmvm the commisaimgf such o f h u w s . * hjc: L.., r r "T2) Nonihb-g upnhing conkhed in subseot*lr (fi;-& 'm'ofikkd wl# this Act br any rule or order made thwetmk htls beea cornmi& by a comphj'aild"~t P proved that the ogenm has been committwi with the c o m t or wnnlvame'of, or b atbibatsbb bany mgkt on the part of, any d i m * m a m g ~ ~ , ~ ~ a r ~ o ~f the mrnpanyI suyh director, manager, secmuy or 0th ofbr Ml a k b d e s d ~ o l b e ~ ~ f t f m t ~ a n d s M l b e l i a b l e t o b e p d ~ d p u W d l o g l y . . . . .- , + - ,.,, , (b) udipAP, i reiation to rr &p, SQG~W, ,m.t@qn pr,&&p&& of 4n~tivi4@3~ means ti partner in the firm ar a m u q k rrf&c.~pp&&&&,& dl,..- I I I s*:siety, trade mion or other m i a t i o n of individuals. SEC. I I THE GAZETTE OF MDlA EXTRAORDINARY 17 (2) Nothing in sub-section (1) sllall apply to an of&nce committed by an individual or association or irs oficer or other employee within a period of three years from the date on %which a similar offence committed by it or him was compounded under this section. Explanation.- For the purposes of this section, any second or subsequent offence committed aftw the expiry o f a period of three yeaq from the date on which the offence was previously compounded, shalt be deemed to be a fist offence, (3) Every officer or authority referred to in sub-section (I) shall exercise the powers to compound an offence, subject to the dtpction, conmi and supervision of the ( 2 n d Govemmerrt. . (4) Every application far the compounding of an affence shall be made to the offimr or authority referred to in sub-section (I) in such form and manner along with such fke as may be prescribed. (5) Where any offence is compounded before the institution of any pmsecution, no prosecution shall be instiJuted in relation to such offence, against the offender in relatior, to whom the offence is so compounded. (G),Every officer or authorityreferred to in sub-section ( I ) , while dealing with a proposrtl for the compounding of an offence for a default in compliance with any provision ofthis Act which requires by an individual or association or its oficer or other employee to obtain permission or file or register with. or deliver or send to, the Central Government or any prescribed aurhoriry any return. account or other document, may, direct, by order, if he or it thinks fit to do so, any individual or association or its officer or other employee to file or register with, such return, account or other document within such time ss may be specified in the order. CHAPTER lX