Corporate liability: company and responsible officers are deemed guilty for offences, subject to due diligence defence. Section 137 deems the company and persons in charge of its business guilty of offences under the Act; officers are separately liable if the offence involved their consent, connivance or negligence. The provision similarly attributes liability to partners, the karta, managing trustees and LLP persons, with sub-section (2) applying mutatis mutandis. A defence is available if the person proves lack of knowledge or that all due diligence was exercised. 'Company' includes firms and associations and a partner is treated as a 'director' for these purposes.
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: company and responsible officers are deemed guilty for offences, subject to due diligence defence.
Section 137 deems the company and persons in charge of its business guilty of offences under the Act; officers are separately liable if the offence involved their consent, connivance or negligence. The provision similarly attributes liability to partners, the karta, managing trustees and LLP persons, with sub-section (2) applying mutatis mutandis. A defence is available if the person proves lack of knowledge or that all due diligence was exercised. "Company" includes firms and associations and a partner is treated as a "director" for these purposes.
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