Cognizance of offences limited to regulator complaints; courts cannot act otherwise, with an exception for deposit-taker companies. Cognizance of offences is confined to prosecutions instituted by the Regulator: a Designated Court cannot take cognizance of an offence under the Act except on a complaint filed by the Regulator; the restriction and the general cognizance provision do not apply where the deposit taker is a company.
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Provisions expressly mentioned in the judgment/order text.
Cognizance of offences limited to regulator complaints; courts cannot act otherwise, with an exception for deposit-taker companies.
Cognizance of offences is confined to prosecutions instituted by the Regulator: a Designated Court cannot take cognizance of an offence under the Act except on a complaint filed by the Regulator; the restriction and the general cognizance provision do not apply where the deposit taker is a company.
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