The Maharashtra Forward Contracts Control Act.
Section 12. Offences by corporations and firms.
Where a person committing an offence under this Act is a company, or other body corporate, or an association of person (whether incorporated or not) or a firm, every director, manager, secretary, agent or other officer or person concerned with the management thereof and every partner of the firm shall, unless he proved that the offence was committed without his knowledge or consent, be deemed to be guilty of such offence.
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