Contravention by companies

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..... ible 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 4 [ contravention ] and shall be liable to be proceeded against and punished accordingly : Provided that nothing contained in this sub-section shall render any such person liable to any punishment provided in this Act, if he proves that the 4 [ contravention ] was commit .....

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..... eans any body corporate and includes a firm or other association of individuals; and (b) director , in relation to a firm, means a partner in the firm. ********* Notes 1. Substituted vide FINANCE ACT, 2018 w.e.f. 08-03-2019 before it was read as Offences by companies. 2. Substituted vide FINANCE ACT, 2018 w.e.f. 08-03-2019 before it was read as an offence under this Act 3. Substituted vide FINANCE .....

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