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Section 97

New section 108a

of Development Financial Institutions (Amendment) Act 2015

Amendment ActIn forceProvision 100 of 120
Section 97

The principal Act is amended by inserting after section 108

the following section:

“Imprisonment 108a.  Where the penalty of imprisonment has been provided for an offence under this Act, such penalty shall not apply to a body corporate convicted of the offence.”.