Offences by companies.

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..... guilty of the offence and shall be liable to be proceeded against and punished accordingly. (2) The provisions of sub-section (1) shall not apply if the person referred in the said sub-section proves that the offence was committed without his knowledge or that he had exercised all due diligence to prevent the commission of such offence. (3) If it is proved that an offence under this Act has bee .....

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..... eeded against and punished as per the provisions of this Act. (5) In this section,- (a) "company" means a body corporate and includes- (i) a firm; and (ii) an association of persons or a body of individuals, whether incorporated or not; and (b) "director", in relation to- (i) a firm, means a partner in the firm; (ii) any association of persons or a body of individuals, means any membe .....

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