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of <h1>Section 26 of Securities Contracts Act: Courts Recognize Offences Only from Authorized Complaints After 2004 and 2014 Amendments.</h1> Section 26 of the Securities Contracts (Regulation) Act, 1956, outlines the procedure for courts to take cognizance of offences. Courts can only recognize offences under this Act based on complaints made by the Central or State Government, the Securities and Exchange Board of India, a recognized stock exchange, or any individual. The section was amended in 2004 to specify these entities, replacing the previous requirement that only courts of a presidency magistrate or magistrate of the first class could try offences. Further amendments in 2014 removed the provision restricting trials to courts not below a Court of Session.
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