Amendment status not verified — confirm the current text below against the official source.
'Whoever is gUilty of any act or intentional omission in contravention of any of the provision of this Act, or of any rules, notification or order made, issued or given under this Act, shall be punishable with impr iso nrnent for a term which may extend to one m-vnt], or with fine wllich may. extend to mpees five thousand, or wit h both. (2) Whoever- haVing been "om'icted cf an offence under this Act is again convicted of any offenceunr1er this Aet slnall be punishable wit]i do ub]e th e penalty provided £0'r the latter (')·ffetQ{:e. (3) Whoev,erirn a;ny manner aids, abets or is accessory to the commission of an u[ence under th.is Act shall on. co nviction be punished With impr isorunenr presQ! ihed for the offence. (1) If the.person committing any offence pun i.shable under this Act is a Cc mpany , every person. who at .the time of the ct.mmissie n of the ~:ffu1cc, was ill-charge of, and responsible to the Company for the co nducr of' the the business of the Ccmpanv as well as the Company shall be deemed to he sui lty of th e offence and shall be liable to be proceeded agaimt and punished acco rdi nplv : Provided that nothing contained in this sub-section shall render such person liable to any punishment provided in this Act, iflie pro·es rl.at the offence was l .mrnit ed without his knowledge or that he exercised all due diligence to prevent the co rrrrni- ssio n of the offence. (2) j\Ltwitl.:tanc1ing anything contained in sub-sect ion (I), where an offenc under t11is Act has been co mrr ittecl by ZI C('mpi1ny and it is proved that the offence has been co mmitted with the crnsent o r connivance A, or is attributable to any gross negligence on the part of any director, manager, secretary or other officel of the Company, such director, nranager, secretary or other ofFeer shall also be deemed to be guilit)' of that offence (lIJ;Q shall be lrable to be proceeded ag,linst and punished accordingly. Exolanation-For the nu rno se or this .~pf"ri()n - OjJences to I 0 . - t tried summari!.r. - Cotnpoun- I 1 . din8 oj rifJences. Directions : 1. by the State Government. Power to