Immunity from prosecution and penalty may be granted for full and true disclosure, subject to conditions and possible withdrawal. The Central Government may, on recommendation of the Securities and Exchange Board of India and if satisfied that an alleged contravener has made a full and true disclosure, grant immunity from prosecution and from imposition of penalties for the alleged violation, subject to conditions; the Board's recommendation is not binding and immunity is unavailable if prosecution began before the application. Immunity may be withdrawn for non compliance with conditions or for giving false evidence, after which prosecution and penalties may follow.