Offences by companies.

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..... all be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly. (2) Notwithstanding anything contained in sub-section (1), where an offence under this 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 negligence on the part of, any director, manager, .....

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..... s knowledge or that he had exercised all due diligence to prevent the commission of such offence. Explanation.--For the purposes of this section,-- (i) "company" means a body corporate and includes a firm or other association of individuals; and (ii) "director", in relation to a firm, means a partner in the firm. -
Statute, statutory provisions legislation, law, enactment, Acts, Rules, Reg .....

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