Offence by Trust or Society or Company.

(1) Where an offence has been committed by a Trust or Society or Company under this Act, every person, who at time the offence was committed was in charge of, and was responsible to the Trust or Society or Company for the conduct of the business of the Trust or Society or Company, as well as the Trust or Society or Company, shall be deemed to be guilty of the offence 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 offence was committed without his knowledge or that he exercised all due diligence to prevent the commission of such offence. (2) Notwithstanding anything contained in sub-section (1) where an offence under this Act has been committed by a Trust or Society or Company and it is proved that the offence has been committed with the consent or connivance or, is attributable to any neglect on the part of any member of Trust or member of Society or Director, Manager, Secretary or other officer of the Trust or Society or Company, such member of Trust or member of Society or Director, Manager, Secretary or other officer shall be liable to be proceeded against and punished accordingly.