Question

Under Section 70 of PMLA, when a company commits a contravention, which of the following persons shall be deemed to be guilty?

A Only the company as a separate legal entity, not its directors
B The company as well as every person who at the time of contravention was in charge of and responsible to the company for the conduct of its business
C Only the Managing Director of the company
D Only the Compliance Officer of the company
E The shareholders holding more than 51% of the company's share capital
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