Offences by companies – Section 278B

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..... to, the company for the conduct of the 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 and punished accordingly. Such person shall not be 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 offenc .....

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..... d the punishment for such offence is imprisonment and fine, then, without prejudice to the provisions contained in section 278B(1) or (2), such company shall be punished with fine and every person, referred to in section 278B(1), or the director, manager, secretary or other officer of the company referred to in section 278B(2), shall be liable to be proceeded against and punished in accordance wit .....

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