Offences by body corporate or partnership

(1) Where an offence is committed under this Act by a body corporate, every person who at the material time was a Director, Manager, Secretary or other similar officer of the body corporate, or any person purporting to act in such capacity shall be liable to be proceeded against and punished accordingly unless he proves that the offence was committed without his knowledge or connivance, or that he tried to prevent the commission of the offence. (2) Subsection (1) of this section shall, mutatis mutandis, apply in respect of partners in a partnership for offences committed by a partnership under this Act. (3) A fine imposed on a partnership on its conviction under this Act shall be paid out of the partnership assets.