Section 48: Offences by Companies, Servants, Agents, etc.

(1) Where any offence against any provision of this Act has been committed by a body corporate or firm, a person who was a director, manager, secretary or other similar officer of the body corporate or firm purporting to and in such capacity is, in addition to the body corporate or firm, deemed to have committed that offence unless he proves that-
(a) the offence was committed without his consent or connivance; and
(b) that he exercised all such diligence to prevent the commission of the offence as he ought to have exercised having regard to the nature of his functions in that capacity and to all the circumstances.
(2) Where any person is liable under this Act to any punishment or penalty for any act, omission, neglect or default, he shall be liable to the same punishment or penalty for every such act, omission, neglect or default of any clerk, servant or agent of the clerk or servant of such agent:
Provided that such act, omission, neglect or default was committed by the clerk or servant in the course of his employment or by the agent when acting in the course of his employment in such circumstances that has the act, omission, neglect or default been committed by the agent, his principal would have been liable under this section.