Amendment status not verified — confirm the current text below against the official source.
Offenes by compantes--(1) Where aoffénce n4er'th&Act has ' been-committed. by a company, every pérson-whô at the time the offence was V comznitted was in char.ge of, and wa r,esponsiblç tQ, the company fdr -tb. - - conduct of the business of the'company as well as the company, ball be deethed to be guilty of the offehce ahd• shall be liable to.be proceedd against and punished accor6ingly: Provided that nothing containe4 in this sub-section shall render ny such person liable to -any punishmnt,- if h'e proves that the Offence was tomnitted ' without his kno'Cvledge or that të had exercised all due diligence to prtvent the commission of such offence. - • '- 1 4593800/2020/IND(OS) 34 Li 'i 41o ntaiedins' n vhere any N1 twfistan dinganything cn -secti , offence underjthis Act has been committed by a company and it is pro'ed that the offence has been committed with the consent or connivance of or is attributable any neglect on the part of any director manager, secretary or other officer f the company, such director, manager, secretary or other officer shall be dëem'ed 'to be guilty of that offence and shall be liable to be proceeded again't and ptuus MW hed acording1y Explanation —For the purposes of this section - (a)1 company means a company as defined in section 3 of the Companies 4ct, 1956 (Central Act 1 of 1956) and includes in it a ,firm or a - t: Co-operatxvd Society or , other association of individuals and (b)/ director in relation to a firm means a partner in the firm R. Prttectzon of action taken in gopd faith —No suit, prosecutioa or other legal proceeding shall lie against the State Government or any officer of 4 that Governnent or the authorised person or the State Textile Corporation or any Subsidiry Textile Corporation or anyoflicer or other personauthorisd by - either of such Corporation for anything which is in good faith done or -intended - to be done tinder this Act 31 Delegatzon of powers State Government may, by notification in the Gazette, direct that all or any of the powers exercisable by them cinder g. this Act other than the power under section 3 may also be exercised by any person or jLrson as may be specifiediin the notification - .. : .• (2) Whenever any1 delegation of power is made under sub-section (1) the person Ito whom such power has beeq delegated shall act under the direction, j.j control ani suervision of the State Government 32 -Power to remove dfJIculties —If any difficulty arises in giving effect to he prvisions of this Act, the Stats Government may by order not inconsistent with the provisions of this Act, remove such difficulty Provided that no such order shall be made after the expiry of a period of two yeard from the date of cOtrimencement of this Act 33 E.eclaratzon as to the policy of the State —It is hereby declared that this Act ts for giving effect to the policy of the State towafds securing the !'pnncipIe specified in clause (b) of Article 39 of the Constitution 4593800/2020/IND(OS) 35