A commanding officer or such other officer as is, with the consent of the Central Government, specified by 3[the Chief of the Army Staff] may, in the prescribed manner, proceed against a junior commissioned officer who is charged with an offence under this Act 4[and award one or more of the following punishments, that is to say,—
(i) severe reprimand or reprimand;
(ii) stoppage of pay and allowances until any proved loss or damage occasioned by the offence of which he is convicted is made good:
Provided that the punishment specified in clause (i) shall not be awarded if the commanding officer or such other officer is below the rank of Colonel].