https://www.taxtmi.com/acts?id=23243 Persons in charge of a business are deemed to be guilty where the business commits an offence under the Act, making the company (including firms and associations) and those responsible for its conduct liable. Officers whose consent, connivance or negligence is proved are likewise deemed guilty. Similar deemed liability applies to partners, the karta, and managing trustees for partnerships, LLPs, HUFs and trusts, with the consent/connivance/negligence rules applying mutatis mutandis. A defence exists if the person proves lack of knowledge or that all due diligence was exercised to prevent the offence. en-us Mon, 28 Nov 2016 12:01:57 +0530 Mon, 28 Nov 2016 18:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23243 Persons in charge of a business are deemed to be guilty where the business commits an offence under the Act, making the company (including firms and associations) and those responsible for its conduct liable. Officers whose consent, connivance or negligence is proved are likewise deemed guilty. Similar deemed liability applies to partners, the karta, and managing trustees for partnerships, LLPs, HUFs and trusts, with the consent/connivance/negligence rules applying mutatis mutandis. A defence exists if the person proves lack of knowledge or that all due diligence was exercised to prevent the offence. Act-Rules Bills Mon, 28 Nov 2016 12:01:57 +0530 https://www.taxtmi.com/acts?id=23243