https://www.taxtmi.com/acts?id=21599 Offences by a company render both the company and every person who was in charge of and responsible for its business at the time liable; officers who consented, connived or whose negligence contributed are also deemed guilty. The definition of company includes firms and associations, and for firms a director means a partner. The same rules apply to partnership firms, LLPs, HUFs and trusts, making partners, kartas or managing trustees liable, subject to a defence where the person proves lack of knowledge or that all due diligence was exercised to prevent the offence. en-us Wed, 15 Jun 2016 15:07:25 +0530 Wed, 15 Jun 2016 15:07:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21599 Offences by a company render both the company and every person who was in charge of and responsible for its business at the time liable; officers who consented, connived or whose negligence contributed are also deemed guilty. The definition of company includes firms and associations, and for firms a director means a partner. The same rules apply to partnership firms, LLPs, HUFs and trusts, making partners, kartas or managing trustees liable, subject to a defence where the person proves lack of knowledge or that all due diligence was exercised to prevent the offence. Act-Rules Bills Wed, 15 Jun 2016 15:07:25 +0530 https://www.taxtmi.com/acts?id=21599