AGRICULTURAL DEVELOPMENT CREDIT AND CO-OPERATIVE BANK ACT - 1965 (ACT 286)

Section - 33 - Offences

(1) Any person who contravenes the provisions of this Act, for which no other penalty has been expressly provided in this Act, or knowingly makes an incorrect statement in a document submitted by him or an incorrect reply to a question asked of him for the purpose of this Act, or uses any loan or advance for any purpose other than that for which it was granted by the Bank, shall be guilty of an offence and shall be liable, after summary trial to a fine of two hundred pounds or to a term of imprisonment, not exceeding one year or to both such fine and imprisonment.

(2) In the case of an offence by a body of persons:-

(a) where the body of persons is a body corporate every director and officer of the body corporate shall be deemed to be guilty of that offence;

(b) where the body of persons is a firm, every partner of that firm shall be deemed to be guilty of that offence; and

(c) where such body is any other body of persons, every individual constituting such body shall be deemed to be guilty of that offence:

Provided that no such person shall be deemed to be guilty of the offence, if he proves that such offence was committed without his knowledge or that he exercised diligence to prevent the commission of the offence.