Contravention by companies
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....arge of, and was responsible to, the company for the conduct of the business of the company, as well as the company, shall be deemed to be guilty of the 6[contravention], and shall be liable to be proceeded against and punished accordingly: Provided that nothing contained in this sub-section shall render any such person liable to any punishment provided in this Act, if he proves that the 6[contr....
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....this section,- (a) "company" means anybody corporate and includes a firm or other association of individuals, and 1[(b) "director", in relation to - (i) a firm, means a partner in the firm; (ii) any association of persons or a body of individuals, means any member controlling the affairs thereof.] 2[(3) The provisions of this section shall be in addition to, and not in derogation of, the pr....
TaxTMI
TaxTMI