Central Depositories Act

62. Power of Authority to compound offences

Edition: 2023-12-11 · In force

62. Power of Authority to compound offences

The Authority may, where it is satisfied that a person has committed an offence under this Act other than offences under sections 3(1), 9(1), 45(1), 48 and 49, compound the offence and order that person to pay such sum of money, not exceeding fifty per centum of the amount of the minimum fine, including the daily fine, if any to which he would have been liable if he had been prosecuted and convicted of the offence, as the Authority may deem fit whereupon—

(a)if such person pays such amount to the Authority within fourteen days after the order, proceedings shall not be taken against him in relation to the offence; or

(b)if such person does not pay the amount so ordered within fourteen days, the Authority may cause proceedings to be instituted in relation to the offence.

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Source: Kenya Law