Section 103: Offences by body Corporate.

Where an offence tinder this Act is committed by a body corporate, the body corporate or every-
a) director, manager, secretary or other officers of the body corporate;
(b) person who was purporting to act in such capacity mentioned in paragraph (a) of this section,who had knowledge or believed to have had knowledge of the commission of the offence and who did not exercise due diligence to ensure compliance with this Act shall be deemed to have committed the offence and shall be proceeded against in accordance with this Act.