Special Courts for securities offences ensure exclusive trial and application of criminal procedure and appellate regimes. Establishes Special Courts for speedy trial of offences under the SEBI Act, to be single-judge courts appointed with High Court concurrence and limited to sitting Sessions Judges or Additional Sessions Judges; all offences under the Act are to be tried by the Special Court for the area. The Code of Criminal Procedure applies with Special Courts deemed Courts of Session; prosecution conductors must have seven years' advocacy or equivalent governmental legal experience. Until Special Courts are constituted, Courts of Session will try such offences, subject to High Court transfer powers.
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Provisions expressly mentioned in the judgment/order text.
Special Courts for securities offences ensure exclusive trial and application of criminal procedure and appellate regimes.
Establishes Special Courts for speedy trial of offences under the SEBI Act, to be single-judge courts appointed with High Court concurrence and limited to sitting Sessions Judges or Additional Sessions Judges; all offences under the Act are to be tried by the Special Court for the area. The Code of Criminal Procedure applies with Special Courts deemed Courts of Session; prosecution conductors must have seven years' advocacy or equivalent governmental legal experience. Until Special Courts are constituted, Courts of Session will try such offences, subject to High Court transfer powers.
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