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 parson who at the time the offence was cornmifled was in charge of, and was respbnsiblc to the company for the conduct of the business of the company, as well . . - as the company, shall be deemed to be guilty of the offencc and shall be liable -to be - proceeeded against and punished accordingly : Provided that nothing contained in this sub-section shall roador any such' person liable to any punishment, if he proves that the offence was committa without his knowledge or that he had exeroised due diligence-to prevent the commissiorl of;, such offenca. .. - , - w . (2) Notwithstanding anything contained in sub-sect ion (11, where any oRen& Wi this Act bas been committed by a company and it is proved that the offence has been committed dih the consent or connivance of, or is attribUtabIe to any , neglect .on the part of, any director, manager, secretary or other officer of the company, such director, manager, secretary or othcr officcr shall also be deemed to be guilty of that oBencc and shall be liable to be proceeded against ,and punished accordingIy. ~Explanatio~~--For the purposes of this section,- (a) ''company" means any body corporate and incIudes a hrm or orhcr association of individuaIs ; and (b) Ladirector" in relation to a firm means a partner in 1he firm. , P w r to