law: The Pension Fund Regulatory and Development Authority Act, 2013
  50.
  
     Offences
  
  by companies.
  1.   Where an offence
  
  under this Act has been committed by 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, as well as 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 sub-section shall render any such person liable
  
  to any punishment provided in this Act if he proves that the offence was
  
  committed without his knowledge or that he has exercised all due diligence to
  
  prevent the commission of such offence.
  2.   Notwithstanding
  
  anything contained in sub-section ( 1 ), where any offence under this Act
  
  has been committed by a company and it is proved that the offence has been
  
  committed with the consent or connivance of, or is attributable to, any neglect
  
  on the part of any director, manager, secretary or other officer of the
  
  company, such director, manager, secretary or other officer shall also be
  
  deemed to be guilty of the 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.