Section 126B(1)

(1) Where an offence under sub -section (2) of section 126A 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: