Amendment status not verified — confirm the current text below against the official source.
(1) Where an offence under this Act has ken M y S comtted by a company, every person, who, at t k Companer* tlme the offence was committed, wac in charge oi, b ~ d was responsible to, the corn any for ine conduct of the business of the company, as we f 1 as tae company, shall be deemed to be guilty of the offence and shall be liable to be pro- ceeded against and punished accordingly : Provided that nothing contained in this sub-sedio~ shall render any such person liable to any punishment, if he proves, that the offence was committed wjthout b@ knowledge, or that he had exercised all due diligence to prevent the commission of such offence. 125-1 2-10A 1 48 Pre ven tion of Znc f temen t id [I981 f T.N. 9 Refice or Defer Payment of Tm I (2) Notwithstanding anything ccntaned in sub. section (I), where 'any offence under this Act has been committea by a company and it is proved that the dffe~ce has been committed with the consent or connivance of, or is attributabb to any neglect on the part of, any drector, manager, secretary or othtr officer of the company, such director, mrtnager, secretary or other officer shiill also be deemed to be guilty of that offence and shall be liable to t - nroceeded against and punished accordingly. Explanation.-For the purpose of this section,- (a) " company " means any body corporate and includes a firm or other association of individuals ; and (6) " director " in relation to a firm mhans ? partner in the firm. Power toma ke i rules,