Section 65
of International Insurance and Takaful Order, 2002
ORDERIn forceProvision 65 of 73
Section 65
Where an offence under this Order committed by a body corporate is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of any director, manager, secretary or other similar officer of that body, or any person who was purporting to act in that capacity or any other person who holds a controlling interest in that body, he, as well as the body corporate, shall be guilty of that offence and liable to be proceeded against and punished accordingly.
49
BLUV as at 14th January 2016
Power of Authority to compound.