Amendment status not verified — confirm the current text below against the official source.
(1) The Managing Director or any other officer of the Corporation authorised by it by a general or special order in that behalf may either before or after the institution of proceedings for any offence punishable under this Act, accept, from any person charged with such offence, by way of compensation for the offence, a sum not exceeding two thousand rupees, as he thinks proper. (2) On payment of such sum, no further proceedings shall be taken against the said person in respect of the same offence.