Corporate liability for offences: companies and responsible officers held criminally liable, subject to knowledge or due diligence defenses. A company is deemed guilty of offences under the Act and every person in charge of and responsible to the company for its business at the time is similarly liable, unless he proves lack of knowledge or that he exercised all due diligence to prevent the offence; officers who consented, connived or were neglectful are also guilty. Where the offence attracts imprisonment and fine, the company is punishable with fine while responsible persons may be proceeded against and punished. 'Company' and 'director' are defined to include unincorporated bodies and Hindu undivided families and their relevant representatives.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Corporate liability for offences: companies and responsible officers held criminally liable, subject to knowledge or due diligence defenses.
A company is deemed guilty of offences under the Act and every person in charge of and responsible to the company for its business at the time is similarly liable, unless he proves lack of knowledge or that he exercised all due diligence to prevent the offence; officers who consented, connived or were neglectful are also guilty. Where the offence attracts imprisonment and fine, the company is punishable with fine while responsible persons may be proceeded against and punished. "Company" and "director" are defined to include unincorporated bodies and Hindu undivided families and their relevant representatives.
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