Bare ActsThe Assam Protection of Interests of Depositors (In Financial Establishments) (Amendment) Act, 2014

Section 5A

Amendment status not verified — confirm the current text below against the official source.

(I) An offence punishable under section 5 may, before the institution of the prosecution, be compounded by the competent authority or after the institution of the prosecution, be compounded by the competent authority with the permission of the Court of District and Session Judge, on payment of the entire amount' due to the depositors with or withoutinterest. U) Where. an offence has been compounded under sub- section(I), no proceeding or further proceeding, as the case may be, shall be taken or continued against the offender, in respect of the offence so compounded and the offender. if in custody. shall be discharged forthwith." S. M. BUZAR BAR AH, Secretary to the Government ofAssam, Legislative Department, Dispur. Central Act No.2 of 1974 Guwahati : Printed and Published by the Dy. Director (P & S), Directorate of Ptg. & Sty.Assam, Guwahati-21 . Ex Gazette No. 471- 600 + 100 - 25 - 08 - 2015. ---- --

Section 5A – The Assam Protection of Interests of Depositors (In Financial Establishments) (Amendment) Act, 2014 | DailyLaw.ai