Amendment status not verified — confirm the current text below against the official source.
(lJ Whenever bn bffen& under this Act bes been solmittedby a company, ''enb6 by every parion,', who st the Limo thc offence was committed, was in charge of, or co~p;mler, was responsible to'the eompany, as )veil as the company shall be deemed to bc guilty of the offence and shall be liable to be proceeded against and punished - accordingly : , . . , , ' I I . , ' I prpvided that, m&ng contaiied in this rub-:allon shall under iny such person . hablc to any punishment under this Act iF he proves - that, the offence, - 1 . . . was committed without his knowledge and that he exercised all due , diljgence to prevent the, commission o f such offence. . ; I . . THE ORISSA' INDUSTRLAL MFRASTKUWRE f DEVELOPMENT CORPORATION. ACT, 1 D80 [ flddsa. Act .I .or 1981..j t (S&~:,59-63) Powcrto . 59.(1)TheCorporationmay,wi~~thk'previousapporo.val ofthe State Goyern- - m&t. make regulations ,mnsisteint , with this Act, and ,the Rules made thereunder, la t ions. to carry out the purposv of this Act, and Without prejudice to the generality of this .power, such fegulattoas may provide for- : m , (a) the time and place-of meetings,-of the bard and the proceduie to ba iollowed in rogard to the transaction of business at such mettin@; (b) the conditions of appointment And seiviee aid the scales of pay of Ofificers and servants of the, Corporation, other than the Managing Director; , , . . . (c) deployment of funds of the Corpor+tion and the officers of the Cowofation who may operate its accounts; (4 the .terms under which the Corpofation may dispose of lands, buildings - and amenities; - a ' , . ! :;,.:' . , : ' . , m . ' (a) the Additional tcr& and wnqitions subje.ct 'to which lands and buildw in industrial estates and industrial areas.[may be held or used; , .: . (f) the conduct of bus'iness of the Executive ~o&mittae; , - , . . , , , I . . ' ' (g) a& othcr - matter w ~ c k h i ' ;o bo or may be povided by regulations. - 1 . . '(2) All regulations mad& 'under this A ~ L shall, a& &on as may be, after they are made, be laid beforc the State LegisIature for a totat period of fourteen day9 which may be comprised in one or more s w a s and if during the said period the Sta,k Legislature makes rnodifiutions, if any, therein, tha regulations shall t h e d e r - ' have effect only in such modified form, so, howevcr that such modification ahall be without prejudia to the validity of cnything previously done under the regulatiom. . -. Protection '60. N& suit, prosecution or other legal shaIl lie against any pcrsonj o f d e n for anything which is in good faith done or inmded to be done under this taken In Act or any rule or regulation mado thereunder. good raitb. Direcbrs,