Designation of Special Courts enables listed trial courts to exercise jurisdiction under securities and depository laws in their territories. The Central Government designates specified existing trial courts as Special Courts under the securities and depositories regulatory framework, after obtaining High Court concurrence, and allocates territorial jurisdiction so that the listed courts will exercise statutory jurisdiction in the named States and Union Territories.
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Provisions expressly mentioned in the judgment/order text.
Designation of Special Courts enables listed trial courts to exercise jurisdiction under securities and depository laws in their territories.
The Central Government designates specified existing trial courts as Special Courts under the securities and depositories regulatory framework, after obtaining High Court concurrence, and allocates territorial jurisdiction so that the listed courts will exercise statutory jurisdiction in the named States and Union Territories.
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