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of <h1>Company officers held liable under Prohibition of Benami Property Transactions Act, 1988 unless ignorance proven</h1> Where a company commits an offence under the Prohibition of Benami Property Transactions Act, 1988, every person in charge and responsible for the company's business at the time is deemed guilty and liable for punishment unless they prove the contravention occurred without their knowledge. Additionally, if the offence occurs with the consent, connivance, or due to neglect of any director, manager, secretary, or officer, that individual is also deemed guilty and liable for punishment. The term 'company' includes firms and associations of persons or bodies of individuals, whether incorporated or not, with 'director' referring to partners in firms or members controlling such associations.
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