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of <h1>Company and responsible officers held criminally liable for offences; individual defence if lack of knowledge or due diligence</h1> When an offence under the Act is committed by a company, the company and every person in charge of and responsible for its business at the time are deemed guilty and liable for prosecution; additionally, any director, manager, secretary or other officer is liable if the offence occurred with their consent, connivance or negligence. Comparable liability attaches to partners, the karta of a Hindu undivided family, or managing trustees for offences by firms, LLPs, HUFs or trusts. A person is not liable if they prove lack of knowledge or that they exercised all due diligence to prevent the offence. 'Company' includes firms and associations; 'director' includes partners.
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