(1) Where an offence under this Act is committed by a company or an industrial unit, the company or the industrial unit as well as every person in charge of and responsible to the company or the industrial unit for the conduct of its business at the time of commission of the offence, 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 sub-section 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 sub-section (1), where an offence under this Act has been committed with the consent or connivance of, or that commission of the offence is attributable to any neglect on the part of any Director, Manager, Secretary or other Officer, 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 purpose of this section:
(a) "Company" means any "Corporate" and includes a firm or other association of individuals. and
(b) "Director" in relation to a firm means a partner in the firm.
Provided that nothing contained in this sub-section 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 sub-section (1), where an offence under this Act has been committed with the consent or connivance of, or that commission of the offence is attributable to any neglect on the part of any Director, Manager, Secretary or other Officer, 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 purpose of this section:
(a) "Company" means any "Corporate" and includes a firm or other association of individuals. and
(b) "Director" in relation to a firm means a partner in the firm.
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Section 1 · Short title, extent and commencementSection 2 · DefinitionsSection 3 · Constitution of Invest Meghalaya Authority. -Section 4 · Functions of Invest Meghalaya Authority as the Nodal Agency.Section 5 · Powers of Invest Meghalaya AuthoritySection 6 · Vacancies etc., of the Nodal Agency not to invalidate proceedings.Section 7 · Officers and other staff of Invest Meghalaya Authority. -Section 8 · Constitution, powers, and Functions of Governing Council.India Code, Government of India. Text fetched 10 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.