Amendment status not verified — confirm the current text below against the official source.
Subject to rules made under this Act, a Board may compromise any suit instituted by or against it, or any claim or demand arising out of any contract entered into by it in accordance with this Act for such sum of money or other compensation as shall be deemed sufficient. Bar of suit in respect of act done in good faith. Bar of suit in absence of notice. Power of Board to compromise suits. [Act No. XLIV of 1956] 31