103. Liability of directors or entrepreneurs of any company or association of persons or of property development joint venture.—

(1) If a company or association of persons or property development joint venture fails to pay arrear taxes, and if the directors or representatives or entrepreneurs who were in charge of such company, or association of persons or property development joint venture, when such money fell in arrear, failed to show proper care, responsibility and skill, shall be liable, jointly and severally, to pay such arrear taxes till such time as may be prescribed.

(2) Every director or representative or entrepreneur so liable to pay the arrear taxes shall be entitled to a reimbursement from other directors or representatives or entrepreneurs.

(3) Without prejudice to the generality of functions rendered by such director or representative or agent or entrepreneur, the following activities shall be

deemed to have been done by such company or association of person or property development joint venture, namely:—

(a) carrying on of an economic activity or any part thereof;

(b)  any supply, import or acquisition in the course of an economic activity;

(c) manufacture of goods or supply of services;

(d) receipt of any issued notice;

(e) filing of a return;

(f) payment of taxes; or

(g) providing information.