Sri Lanka Consolidated Acts

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Securities Council (Amendment) Act (No. 26 of 1991) - Sect 32

Insertion of new section 51A in the principal enactment.1

32. The following new section is hereby inserted immediately after section 51 and shall have effect as section 51A of the principal enactment.
51A. The Commission may having regard to the circumstances in which the offence under this Act was committed, compound such offence for a sum of money not exceeding one-third of the maximum fine imposable for such offence and all such sums of money received by the Commission in the compounding of an offence under this section, shall be credited to the Compensation Fund established under section 38.".


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