34. The following new section is hereby inserted Immediately after section 79, and shall have effect as section 79A of the principal enactment:-
| 79A.
| | (1) The Director of Bank Supervision may with the approval of the Monetary Board and having regard to the circumstances in which an offence under this Act was committed, compound such offence for a sum of money not exceeding two hundred and fifty thousand rupees. | | |
| | (2) The compounding of any offence under this section shall have the effect of an acquittal of the accused-". | | |
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Sri Lanka Consolidated Acts