Contravention by companies

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d 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 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 [ contr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e purposes of this section,- (a) company means 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X