74. Where an offence under this Law is committed by a body of persons, then-
(a) if that body of persons is a body corporate, every director and officer of that body corporate; or |
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(b) if that body of persons is a firm, every partner of that firm, |
| shall be deemed to be guilty of that offence:Provided, however, that a director or officer of such body corporate or a partner of such firm shall not be deemed to be guilty of such offence if he proves that such offence was committed without his knowledge or that he exercised all due diligence to prevent the commission of such offence. |