Amendment status not verified — confirm the current text below against the official source.
1 Wh . person “1(0).“ “1:12;: Eiffel}? under this Act has been committed by a company ever)’ the company for the co, d e o Cnce was committed was in charge 0f. 01' was responsible to be deemed to be gum; upttplf, thf: busmess of the company, as well as the company shall 0 e - ’ Wuished accordingly: 0 ence and shall be liable to be proceeded against and . ‘ . ’ his knowled e . ‘ . Offence, g or that he had exercrsed all due dlllgence to prevent the commission of such . (2) Notw1thstanding anything contained in sub-section (1), where an offence under tins Act has been committed by a company, and it is proved that the offence has been committed With the consent or connivance of, or is attributable to, any neglect on the part of any director. manager, secretary or other officer of the company, such director, manager. secretary or other officer shall also be deemed to be guilty of that offence and shall be liable to be proceeded 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 (b) "director" in releation to a firm. means a partner in the firm. C°mP°““di“§