Amendment status not verified — confirm the current text below against the official source.
(1) Where an offence under this Act has been committed by a Company, every person who, at the time the offence was committed, was in-charge of, and was responsible for the conduct of the affairs of the Company shall be punishable with imprisonment which may extend to three months or with fine which may extend to ten thousand rupees, or with both: Offence by companies. HARYANA GOVT. GAZ. (EXTRA.), APR. 8, 2022 (CHTR. 18, 1944 SAKA) 80 Provided that nothing contained in this sub-section shall render any such person liable to any punishment if he proves that the offence was committed without his knowledge or that he had exercised all due diligence to prevent the commission of such offence. (2) Notwithstanding anything contained in sub-section (1), where any offence under this Act has been committed by a company and it is proved that the offence has been committed with the consent or connivance of, or is attributable to any neglect on the part of any director, manager, secretary or other officer of the company, such director, manager, secretary or other officer shall also be liable for punishment as per sub-section (1). Explanation.- (i) ‘company’ means a body corporate and includes a firm or other association of individuals; and (ii) ‘director’ means a director or a partner of the firm. Compounding of offences.