Amendment status not verified — confirm the current text below against the official source.
Authot y ,or prosecdbn - Unlsss othen|ise expressly provided, no Coun shafl take cognisance of any ofrence relatlng to prop€rty bolongir€ to, or vesled by or under lhis Ac1 in the, Corporatbn punbhablo under this Acl, except on the complaints ot, or upon inlormation receivod trom the Corpo.ation or some p€rson authorised by tha Corporatbn by g€neral or sp€cial order in lhis behalf. 43 . Comrpund,ng of orfancas - The Corporalion may, for suffcbnl reason lo be recorded ln writing, compound any offonce punishabl6 under this Act. 44 Oltences by Companies - Where an ollence unde, this Act has been commitled by a company. every persoo wto at the time th€ ofi€Irce was cornmitted. was in charge of. or vras responsible to. tho company fo,r the conduct ot the busimss ol the company, as ridl as lhe company, sha$ bc deemed to b6 g[dty of th€ ofienca ard shall bA liabl€ to b€ p.oc€dod againsl a,xt punished accodingly: Provk ed that nothing contah€d In this suFsoctbn shall Gndor any sucit psrson liable to any punishrnenl, urder this Act, i, ho poves lhat tho onence was commitled without his knowledge or that he had er(orcised all due diligence to D;evont ths cornmission o, such offenca. (2) Notwithslanding any&lng conlainsd in suFs€ctlon (1), wllero any ofisnco under this Act has boen committod by a company end it is a pmvod lhal the ofenco hss b€on co'nmitted with lha coGant or connivarice oi, o. ig "tttiOut"bt" to' any n€Ooct on tha parl ol any dir€clot, manager, socretary ot othor ofiicot ol ths coqlpany' such drsdor, ,nanagpr, 3{rr6tsry or dh€' ofi€f sfia{ bo d€6med lo be guily o, UlaI dfi€nco and shal bo lisus lo be poc€sdod against and Pmbhod scco(dtuigly' E,@ptlq : - Fq Ble prrpoG€s of thb s'ctl(rr' - (a) 'Company' msans any body GotDortL end hclttdos a litm or otie ar&cla0on ol Ltdiiddutb; and (b) 'fl€dor, h ddio.l to a firm m{rs a P6]tro' h Ula f,rm' a5. My b Mt o, t|fy olc - &ly Pssm wlE obsl',Ui'r tho 6ntrv - da prrrm alroacro rrd.r r€don 32, b'dds' m 6 Won aly la'd or ir{ng or rrro ooetuaa ltre b\rnta cq€'cts' by hLd atry ry-cottf.otttd oy or irno"t thit Act lh.ll, arr convidioo. b€ punirh'd x'ith simple inp,itclrr*,t loa " tgm tnUl may srtond b ttroe mon0ls or trilh lino wflct my exfmd O ltYE ltu,aend n.9s d*fi Do$' .8. fuI,,|yfq o{x,l,vdd/q F*rrsfiua lf,ffirg <Ml tndet@ntncl- Y try paalon oDsfn.EB .ny pqlon lllh tllt.tl tho Cdpora0on has enlered hb ! confocl h tt'l. pefi.nane c d'onoo by 'udl potlon ol his &ty o. dly,U{ng lrlddl he b dnPo sltd tr f0ql.ed b do urdar thb Ad' ho sfref, oo corActon. bo Fmish€d rllh imFbo(ment br a btm whlcfi fitay ourrO fo t r* n onfnu or with fite rftbh nuy dsrd b lhre€ thousatd rup€63 or wilh both.