Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPower to compound
| 16. The Governor of the Central Bank may accept from any person who is reasonably suspected of having committed an offence under this Act, by way of composition for the offence which may have been committed, either such sum of money, not exceeding one hundred thousand rupees, as may be specified in a notice sent by post or otherwise delivered to such person by the Governor if the sum as specified is tendered by such person before the expiry of fourteen days after the date of such notice, or the sum so specified and such additional amount, not exceeding ten per centum of the sum so specified, as may be determined by the Governor, if the sum so specified and the additional amount so determined are tendered by such person before the expiry of twenty-eight days after the date of such notice. Any sum so accepted by the Governor shall be credited by him to the Account. |