Offences by companies.

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..... , and was responsible 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 contravention and shall be liable to be proceeded against and punished accordingly. (2) Nothing contained in sub-section (1), shall render any person liable to punishment if he proves that the contravention took place without his knowledge. (3) .....

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..... 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 member controlling the affairs thereof. ******************* Notes: 1. Inserted vide Benami Transactions (Prohibition) Amendment Act, 2016 - - statute, statutory provisions legisla .....

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