Amendment status not verified — confirm the current text below against the official source.
(1) Where an- offence punishable under Section 19 ha; been committed bY , the Board the Board or s cornpmy, cvcry pcrjon who, a t the timc the offince was committed, ' or a ampany. was in charge of, and wss responsible to, the Board or company, as the case may . . - be, 'for the conduct cf , its business as wcll as ;he Board or the company, as the case may be, shall be decmed to be guilty of the offence and shall be liable to :be . ,proceeded agaimt and punished accordingly: provided that nothing contained 'ih this sub-section ihill render any s u ~ h ' ' liable to any punishment, if he proves that the offence was commitled w~thout his ' knowledge and thlt -he had exercised all due diligence to prevent .the commission of such offence. . ' (2) Notwithstanding anything' contained in sub-seetion (I), where any. offence - under *Section 19 has been - commiltcd by a comoany and it i s proved 'that the offtnw . was committed with the consent or connivance of, or is-attributable to any neglect on . the part of,.any director, manager, -secrctafl or otber officer of the comnany, such director, maniger, secietary or other officer shalI be- defied to be guilty of that : offence and shall be liable to be proceeded against ad punished accordingly. Exp~unatlon-For the purposes of this Section,- , . - (a) means any body corporate and-includes a firmor other i . - association of individaab; and I 1 . (b) "director" in riation to a firm, means a partner in the .firm. . I Rottctlon '21. .No suit, prosec~~tion or other legal proctedings shall ,lie againit the State ofactlon. Government or any person, for anything which is In good 'faith -done-or intended to - be done inpurauanccofthis Act or iherulasmade thereunder. Power to