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[Cites 0, Cited by 0] [Section 49] [Entire Act]

State of Gujarat - Subsection

Section 49(1) in Gujarat Money-Lenders Act, 2011

(1)The Registrar General or any other officer authorized by him in this behalf, may accept, from the person who has committed or is reasonably suspected of having committed any offence under this Act, by way of compounding of such offence -
(a)a sum of money equal to the maximum amount prescribed as fine under this Act, if the offence is committed for the first time; and
(b)in other cases, twice the amount of such fine prescribed under the respective sections :
Provided that an offence with respect to which a proceeding is pending before the Court shall not be compoundable :Provided further that the offences punishable under sections 42 and 43 of this Act shall not be compoundable.