https://www.taxtmi.com/acts?id=22784 Section 62 imposes company-based liability for contraventions under the Prohibition of Benami Property Transactions Act and its rules, directions, or orders. Persons in charge of and responsible for the company's business at the time of contravention are deemed guilty, unless they prove lack of knowledge. Directors, managers, secretaries, or other officers are also deemed guilty where the contravention occurred with their consent, connivance, or neglect. The section defines company broadly to include firms and associations of persons or bodies of individuals. en-us Sun, 16 Oct 2016 17:38:37 +0530 Mon, 22 Jun 2026 13:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=22784 Section 62 imposes company-based liability for contraventions under the Prohibition of Benami Property Transactions Act and its rules, directions, or orders. Persons in charge of and responsible for the company's business at the time of contravention are deemed guilty, unless they prove lack of knowledge. Directors, managers, secretaries, or other officers are also deemed guilty where the contravention occurred with their consent, connivance, or neglect. The section defines company broadly to include firms and associations of persons or bodies of individuals. Act-Rules Benami Property Sun, 16 Oct 2016 17:38:37 +0530 https://www.taxtmi.com/acts?id=22784