Section 60

Where an offence against this Ordinance or any regulation made hereunder has been committed by a company, firm, society or other body of persons, any person who at the time of the commission of the offence was a Chief Executive Officer, manager, or other similar officer or a partner of the company, firm, society or other body of persons 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 had 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.