Law is settled by Supreme Court that not only individuals, but even companies can be prosecuted for criminal offences.
Though the Companies cannot be jailed, they can be punished with fine and other consequences can follow if a company is convicted for offence like Cheating or Murder etc..
It is easy to understand that a company can be charged with Cheating. But how can it be charged with murder?
There have been cases abroad where Concept of Vicarious Liability of Companies for acts of its key officials, is evolved.
If key officials are involved in conspiracy to murder or to commit any crime, the Company can also be prosecuted and convicted.
In India, such cases are yet not seen. Prosecution and Investigating agencies have yet to work a lot for bringing Crimes of Companies to books.
Haresh Raichura
22/5/13 08:42
Though the Companies cannot be jailed, they can be punished with fine and other consequences can follow if a company is convicted for offence like Cheating or Murder etc..
It is easy to understand that a company can be charged with Cheating. But how can it be charged with murder?
There have been cases abroad where Concept of Vicarious Liability of Companies for acts of its key officials, is evolved.
If key officials are involved in conspiracy to murder or to commit any crime, the Company can also be prosecuted and convicted.
In India, such cases are yet not seen. Prosecution and Investigating agencies have yet to work a lot for bringing Crimes of Companies to books.
Haresh Raichura
22/5/13 08:42
