Company liability expanded: corporate offences punishable by imprisonment now also attract corporate fines and personal prosecutions. Amendment inserts a new sub-section into section 35HA of the Wealth-tax Act, effective 1 October 2004: where an offence under the Act is committed by a company and is punishable with imprisonment and fine, the company shall be punished with a fine, and every person referred to in sub-section (1) or the director, manager, secretary or other officer referred to in sub-section (2) shall be liable to be proceeded against and punished in accordance with the Act.