Topic: Section 14. Offences by Companies
(1) If the person committing an offence under this Act is a company, every person who at the time the offence was committed was in charge of, and was responsible to the company for the conduct of the business of the company, shall be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly:
Provided that nothing contained in this subsection shall render any such person liable to any punishment, if he proves that the offence was committed without his knowledge or that he exercised all due diligence to prevent the commission of such offence.
(2) Notwithstanding anything contained in subsection (1) where an offence under this Act has been committed with the consent of any director or manager, secretary or other officer of the company, such director manager, secretary or other officer shall also be deemed to be guilty of that offence and shall be liable to be proceeded against and punished accordingly. -
Explanation. -For the purposes of this section. -
(a) “Company” means any body corporate and includes a firm or other association of individuals; and
(b) “Director” in relation to a firm means a partner in the firm.