Act 6 Borrowing Companies Act, 1969 PART V - MISCELLANEOUS AND TRANSITIONAL
Section 41. Offences by corporations: officers deemed to be guilty.
Where any offence under this Act has been committed by any corporation (whether or not the corporation has been prosecuted) any person who at the time of the commission of the offence was an officer concerned in the management of the corporation in the Federation or was purporting to act in such capacity shall be deemed to be guilty of that offence unless he proves that the offence was committed without his consent or connivance and 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 of the case.
