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Sec 10, Prevention of Corruption Act: Person in charge of commercial org. to be guilty of offence

Section 10 (Person in charge of commercial organisation to be guilty of offence) under Chapter III (Offences and Penalties) of the Prevention of Corruption Act 1988

❝Where an offence under section 9 is committed by a commercial organisation, and such offence is proved in the court to have been committed with the consent or connivance of any director, manager, secretary or other officer shall be of the commercial organisation, such director, manager, secretary or other officer shall be guilty of the offence and shall be liable to be proceeded against and shall be punishable with imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine.

 Explanation.—For the purposes of this section, ‘‘director’’, in relation to a firm means a partner in the firm.❞



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Notes:

The Prevention of Corruption Act, 1988 was amended by the:
 - the Lokpal and Lokayuktas Act, 2013 (Act No. 01 of 2014);
 - the Prevention of Corruption (Amendment) Act, 2018 (Act No. 16 of 2018).

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