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of <h1>Depositories Act Section 22: Complaints Must Be Made by Government or SEBI for Offences to Be Recognized</h1> Section 22 of the Depositories Act, 1996, as amended, stipulates that no court shall take cognizance of any offence under this Act or related rules, regulations, or bye-laws unless a complaint is made by the Central Government, State Government, the Securities and Exchange Board of India, or any person. The previous requirement that only a Metropolitan Magistrate or a judicial Magistrate of the first class could try such offences was removed by the Securities Laws (Amendment) Act, 2014.
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