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 person who, at the time, the offence was committed, was directly in charge of, and was responsible to, the company for the conduct or th business of the company as well as the Company, shall be deemed to be guilty of the offence and shall be liable to be proceeded against the punished accordingly. Provided that nothing contained in this sub-section shall render any such person liable to any punishment if he proves that the offence was committed without his knowledge or that he had exercised all due diligence to prevent the commission of such offence. (2) Nothwithstanding anything contained in sub-s -section(1), where any offence made under this Act has been committed by a company and it is Bar on certain proceedings. Protection of action taken in good faith. Penalties. Offences by companies. 54 PUNJAB GOVT. GAZ. (EXTRA), JANUARY 31, 2013 (MAGHA 11,1934 SAKA) (2) The appellant shall attach a copy of the order appealed against with the application made for second appeal. (3) Onreceipt of second appeal under sub-section (1), the Government shall consider the same and if, in its opinion, the grievance of the applicant appears to be genuine, it may direct the Director to consider the case. (4) After affording an opportunity of being heard to the parties concerned, the Government may pass an order, in writing,either accepting the second appeal or rejecting the same and in the case of rejection, the reasons for rejection shall be specified and communicated to the appellant.