Amendment status not verified — confirm the current text below against the official source.
(1) The Commission may, for reasons to be recorded in writing, accept from any person who has committed or is reasonably suspected of having committed an offence punishable under this Act, a sum of money not exceeding rupees five lakh by way of composition fee and compound the offence. (2) On the composition of any offence under sub-section (1) no proceed shall be taken or continued against the person concerned in respect of such offence, a if any proceedings in respect of that offence have already been instituted against him any court, the composition shall have the effect of his acquittal.