TMI BlogOffences by companies, etc.X X X X Extracts X X X X X X X X Extracts X X X X ..... fence was committed, was in charge of, and was responsible to, the company for the conduct of its business, shall be punished with imprisonment and fine. (2) The company and the persons referred to in clause (b) of sub-section (1) shall be liable to be proceeded against and punished in accordance with the provisions of this Code. (3) The persons referred to in clause (b) of sub-section (1) s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (i) an unincorporated body;and (ii) a Hindu undivided family; and (b) "director", in relation to — (i) an unincorporated body means a participant in the body; (ii) a Hindu undivided family, means an adult member of the family; and (iii) a company, means a whole-time director, or where there is no such director, any other director or manager o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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