https://www.taxtmi.com/acts?id=12706 Section 41 permits composition of offences before prosecution where the offence is not punishable with imprisonment only. Composition is undertaken by specified officers or authorities under Central Government supervision. It is barred for similar offences committed within three years of an earlier compounded offence, while later similar offences are treated as first offences. A pre-prosecution composition prevents prosecution for that offence. For defaults concerning required permissions, filings, registrations, returns, accounts or documents, the competent officer or authority may direct compliance within a specified time. en-us Fri, 13 May 2011 19:12:06 +0530 Mon, 31 Aug 2026 13:13:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12706 Section 41 permits composition of offences before prosecution where the offence is not punishable with imprisonment only. Composition is undertaken by specified officers or authorities under Central Government supervision. It is barred for similar offences committed within three years of an earlier compounded offence, while later similar offences are treated as first offences. A pre-prosecution composition prevents prosecution for that offence. For defaults concerning required permissions, filings, registrations, returns, accounts or documents, the competent officer or authority may direct compliance within a specified time. Act-Rules FEMA Fri, 13 May 2011 19:12:06 +0530 https://www.taxtmi.com/acts?id=12706