https://www.taxtmi.com/acts?id=7726 Corporate liability for negotiable instrument offences attaches to the company and every person in charge and responsible for the company's business at the time of the offence, who are deemed to be guilty and prosecutable unless they prove lack of knowledge or that they exercised all due diligence to prevent the offence. Persons nominated as directors by virtue of certain government positions are exempt from prosecution. Where an offence is committed with the consent, connivance or due to neglect of any director, manager, secretary or other officer, that individual is also deemed to be guilty. "Company" and "director" are defined to include firms and partners. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7726 Corporate liability for negotiable instrument offences attaches to the company and every person in charge and responsible for the company's business at the time of the offence, who are deemed to be guilty and prosecutable unless they prove lack of knowledge or that they exercised all due diligence to prevent the offence. Persons nominated as directors by virtue of certain government positions are exempt from prosecution. Where an offence is committed with the consent, connivance or due to neglect of any director, manager, secretary or other officer, that individual is also deemed to be guilty. "Company" and "director" are defined to include firms and partners. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7726