Section 342A: Compounding of offences

342A. Compounding of offences (1) (a) Notwithstanding section 342 (1), the Registrar may, with the consent of the Director of Public Prosecutions, compound an offence committed by a person under this Act where the person agrees in writing to pay an amount acceptable to the Registrar not exceeding the maximum penalty imposable under this Act for that offence. (b) For the purposes of paragraph (a), the Registrar shall chair a committee which shall include 2 other senior officers from his staff designated by him. (2) Every agreement to compound shall be in writing and signed by the Registrar and the person referred to in subsection (1) (a), and witnessed by an officer, and a copy shall be delivered to such person. (3) Every agreement to compound shall be final and conclusive. [Issue 9] C35 – 202 Revised Laws of Mauritius (4) Where the Registrar compounds an offence in accordance with this section, no further proceedings shall be taken in respect of the offence so compounded against the person. [S. 342A inserted by s. 5 (e) of Act 18 of 2008 w.e.f. 19 July 2008; amended by s. 5 (o) of Act 27 of 2012 w.e.f. 22 December 2012.] PART XXIX – PROVISIONS RELATING TO COMPANIES HOLDING GLOBAL BUSINESS LICENCES