https://www.taxtmi.com/acts?id=48932 Offences by a company render the company and each person in charge and responsible for its business at the time of the offence deemed guilty and liable to prosecution, subject to an available defence that the person lacked knowledge or exercised all due diligence to prevent the offence. Where the offence involved consent, connivance or neglect of a director, manager, secretary or other officer, that officer is separately deemed guilty irrespective of the general deeming rule. For offences punishable with imprisonment and fine the company is fined while responsible persons or culpable officers are proceeded against under the Act. "Company" includes firms and associations; partners or controlling members count as "directors." en-us Fri, 14 Feb 2025 14:24:44 +0530 Fri, 14 Feb 2025 14:24:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48932 Offences by a company render the company and each person in charge and responsible for its business at the time of the offence deemed guilty and liable to prosecution, subject to an available defence that the person lacked knowledge or exercised all due diligence to prevent the offence. Where the offence involved consent, connivance or neglect of a director, manager, secretary or other officer, that officer is separately deemed guilty irrespective of the general deeming rule. For offences punishable with imprisonment and fine the company is fined while responsible persons or culpable officers are proceeded against under the Act. "Company" includes firms and associations; partners or controlling members count as "directors." Act-Rules Bills Fri, 14 Feb 2025 14:24:44 +0530 https://www.taxtmi.com/acts?id=48932