40.
| (1) The Director may, having regard to the circumstances in which an offence under this Act was committed and with the approval of the Board, compound such offence for a sum not exceeding one hundred thousand rupee; |
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| (2) The compounding of any offence under this section
| | (a) shall be notified in writing under the signature of both parties to the Court having jurisdiction, over the offence; and | | |
| | (b) shall have the effect of an acquittal of the accused. | | |
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Sri Lanka Consolidated Acts