Offences by companies

Offences by companies.-(1) If the person committing

an offence under this ny rule made thereunder is a company, every perso tlie timi the-offerice'wai cdm- rniGdd, was in charge of, 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 offence and shall

be liable to be proceeded against and punished accordingly

: Provided that nothing contained in this sub-section shall

exercised all due diligence to prevent the commission of such offence.

1. (2) Notwithstanding anything contained in sub-section (I),

neglect on the part of, any director, manager, secretary or other

officer, such director, manager, secretary or

ot5er officer shal! also be deemed to be guilty of that offence and shall be liable to be proceeded against and punished accordingly.- Explanation.-For the purposes of this section-

1. (a) "company" means any body corporate and includes a firm or other association of individuals ; and
2. (b) "director", in relation to a firm, mezns a partner in the firm.