Offence by Management, Institution or others

Offence by Management, Institution or others:

1. (1) Whenever an offence under this Act, has been committed by Management or Institution or Limited Liability Partnership or others, every person who at the time of the offence was committed was in-charge of, or was responsible to the Management or Institution or Limited Liability Partnership or others for conduct of the business of the Management or Institution or Limited Liability Partnership or others, as well as the Manage ment or Institution or Limited Liability Partnership or others, shall be deemed to be guilty of tie 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 under this Act, if he proves that the offence was commited without his knowiedge and that he exercised all due diligence to prevent the commission of such offence.
2. (2) Notwithstanding anything contained in sub-section
3. (1) where an offence under this Act, has been committed by Management, Institution or Limited Liability Partnership or others and it is proved that the offence has been committed with the consent or connivance of, or is attributable to any negligence on the part of, any director, partner, manager, secretary or other officer of the Management, or lnstitution or Limited Liability Partnership or others, such director, partner, manager, secretary or other officer shall also be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly.