33. (1) The Central Government may, on the recommendation by the Authority, if
satisfied, that any person, who is alleged to have violated any of the provisions of this Act
or the rules or the regulations made thereunder, has made a full and true disclosure in respect
of alleged violation, grant to such person, subject to such conditions as it may think fit to
impose, immunity from prosecution for any offence under this Act, or the rules or the regulations
made thereunder and also from the imposition of any penalty under this Act with
respect to the alleged violation:
Provided that no such immunity shall be granted by the Central Government in cases
where the proceedings for the prosecution for any such offence have been instituted before
the date of receipt of application for grant of such immunity:
Provided further that the recommendation of the Authority under this sub-section
shall not be binding upon the Central Government.
(2) An immunity granted to a person under sub-section (1) may, at any time, be withdrawn
by the Central Government, if it is satisfied that such person had, in the course of the
proceedings, not complied with the condition on which the immunity was granted or had
given false evidence, and thereupon such person may be tried for the offence with respect to
which the immunity was granted or for any other offence of which he appears to have been
guilty in connection with the contravention and shall also become liable to the imposition of
any penalty under this Act to which such person would have been liable, had no such
immunity been granted.