Legal Principle: Where an offence is committed by a company, every person who at the time when the offences was committed, was responsible for the conduct of the business of the company, shall be deemed to be guilty of the offence and shall be liable for punishment. Factual Situation: Amit is employed as a peon in a finance company. The company defrauds many people and all the directors of the company abscond. The police arrests Amit for offence of fraud. I. Amit guilty of the offence?