B Com Exam  >  B Com Questions  >  In the context of offences by companies, what... Start Learning for Free
In the context of offences by companies, what is the liability of a person in charge of a company's conduct if an offence is committed by the company?
  • a)
    Not liable under any circumstances.
  • b)
    Liable only if the person knew about the offence.
  • c)
    Liable only if the person actively participated in the offence.
  • d)
    Liable regardless of knowledge, with a chance to avoid punishment.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
In the context of offences by companies, what is the liability of a pe...
If an offence under the Act is committed by a company, the person who was in charge of and responsible for the conduct of the company's business, along with the company, shall be deemed guilty of the offence. However, the person can avoid punishment by proving that the offence was committed without their knowledge or that they exercised all due diligence to prevent it. This is established in Sec.278B(1) and (2).
Explore Courses for B Com exam
In the context of offences by companies, what is the liability of a person in charge of a company's conduct if an offence is committed by the company?a)Not liable under any circumstances.b)Liable only if the person knew about the offence.c)Liable only if the person actively participated in the offence.d)Liable regardless of knowledge, with a chance to avoid punishment.Correct answer is option 'D'. Can you explain this answer?
Question Description
In the context of offences by companies, what is the liability of a person in charge of a company's conduct if an offence is committed by the company?a)Not liable under any circumstances.b)Liable only if the person knew about the offence.c)Liable only if the person actively participated in the offence.d)Liable regardless of knowledge, with a chance to avoid punishment.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In the context of offences by companies, what is the liability of a person in charge of a company's conduct if an offence is committed by the company?a)Not liable under any circumstances.b)Liable only if the person knew about the offence.c)Liable only if the person actively participated in the offence.d)Liable regardless of knowledge, with a chance to avoid punishment.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the context of offences by companies, what is the liability of a person in charge of a company's conduct if an offence is committed by the company?a)Not liable under any circumstances.b)Liable only if the person knew about the offence.c)Liable only if the person actively participated in the offence.d)Liable regardless of knowledge, with a chance to avoid punishment.Correct answer is option 'D'. Can you explain this answer?.
Solutions for In the context of offences by companies, what is the liability of a person in charge of a company's conduct if an offence is committed by the company?a)Not liable under any circumstances.b)Liable only if the person knew about the offence.c)Liable only if the person actively participated in the offence.d)Liable regardless of knowledge, with a chance to avoid punishment.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of In the context of offences by companies, what is the liability of a person in charge of a company's conduct if an offence is committed by the company?a)Not liable under any circumstances.b)Liable only if the person knew about the offence.c)Liable only if the person actively participated in the offence.d)Liable regardless of knowledge, with a chance to avoid punishment.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of In the context of offences by companies, what is the liability of a person in charge of a company's conduct if an offence is committed by the company?a)Not liable under any circumstances.b)Liable only if the person knew about the offence.c)Liable only if the person actively participated in the offence.d)Liable regardless of knowledge, with a chance to avoid punishment.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for In the context of offences by companies, what is the liability of a person in charge of a company's conduct if an offence is committed by the company?a)Not liable under any circumstances.b)Liable only if the person knew about the offence.c)Liable only if the person actively participated in the offence.d)Liable regardless of knowledge, with a chance to avoid punishment.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of In the context of offences by companies, what is the liability of a person in charge of a company's conduct if an offence is committed by the company?a)Not liable under any circumstances.b)Liable only if the person knew about the offence.c)Liable only if the person actively participated in the offence.d)Liable regardless of knowledge, with a chance to avoid punishment.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice In the context of offences by companies, what is the liability of a person in charge of a company's conduct if an offence is committed by the company?a)Not liable under any circumstances.b)Liable only if the person knew about the offence.c)Liable only if the person actively participated in the offence.d)Liable regardless of knowledge, with a chance to avoid punishment.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice B Com tests.
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev