https://www.taxtmi.com/acts?id=56002 Corporate-officer liability extends to a company and persons in charge of and responsible for its business conduct when a contravention occurs. A responsible person may avoid punishment by proving lack of knowledge or due diligence to prevent the contravention. Directors, managers, secretaries and other officers are independently liable where consent, connivance or neglect is established. A company includes bodies corporate, firms and associations of individuals, while a firm's partner is treated as a director. en-us Thu, 24 Sep 2026 17:51:53 +0530 Thu, 24 Sep 2026 17:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=56002 Corporate-officer liability extends to a company and persons in charge of and responsible for its business conduct when a contravention occurs. A responsible person may avoid punishment by proving lack of knowledge or due diligence to prevent the contravention. Directors, managers, secretaries and other officers are independently liable where consent, connivance or neglect is established. A company includes bodies corporate, firms and associations of individuals, while a firm's partner is treated as a director. Act-Rules Indian Laws Thu, 24 Sep 2026 17:51:53 +0530 https://www.taxtmi.com/acts?id=56002