Act Number: 51

Act Name: The Emergency Risks (Undertakings) Insurance Act, 1971

Year: 1971

Enactment Date: 1971-12-10

Long Title: An Act to make certain provisions for the insurance of certain property in India against damage arising from emergency risks and for matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 13: Composition of offences.
    Any offence punishable under sub-section (4) of section 5 may, either before or after the institution of the prosecution, be compounded by the Central Government, or by any authority authorised in this behalf by the Central Government, on payment for credit to the Fund of such sum as the Central Government or such authority, as the case may be, thinks fit.
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