Clause 107

the managing director, manager, or other governing officer, by whatever name called, and every member of the governing body thereof, by whatever name called; and

every person who manages or acts or takes part in the management, administration, or government of the business of the body corporate,shall be deemed also to have committed the offence jointly with the body corporate and shall be liable to be proceeded against and punished accordingly unless he proves that the offence was committed without his consent or connivance and that he exercised such diligence to prevent the commission of the offence as he ought to have exercised having regard to the nature of his function in that capacity and to all the circumstances.