Offence committed by the Companies [ Section 39 ]

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..... 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 offence and shall be liable to be proceeded against and punished accordingly. [ Section 39(1) ] Exception :- However, such person shall not liable to any punishment he prove that the offence was committed if he proves that .....

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..... For the purposes of this section, - ( a ) company means any body corporate and includes a firm, society, trade union or other association of individuals; and ( b ) director , in relation to a firm, society, trade union or other association of individuals, means a partner in the firm or a member of the governing body of such society, trade union or other association of individ .....

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