Company liability for benami contraventions extends to responsible officers, subject to lack of knowledge and consent-based attribution. Section 62 imposes company-based liability for contraventions under the Prohibition of Benami Property Transactions Act and its rules, directions, or orders. Persons in charge of and responsible for the company's business at the time of contravention are deemed guilty, unless they prove lack of knowledge. Directors, managers, secretaries, or other officers are also deemed guilty where the contravention occurred with their consent, connivance, or neglect. The section defines company broadly to include firms and associations of persons or bodies of individuals.
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.
Company liability for benami contraventions extends to responsible officers, subject to lack of knowledge and consent-based attribution.
Section 62 imposes company-based liability for contraventions under the Prohibition of Benami Property Transactions Act and its rules, directions, or orders. Persons in charge of and responsible for the company's business at the time of contravention are deemed guilty, unless they prove lack of knowledge. Directors, managers, secretaries, or other officers are also deemed guilty where the contravention occurred with their consent, connivance, or neglect. The section defines company broadly to include firms and associations of persons or bodies of individuals.
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