Special Courts designation centralizes jurisdiction for securities and depository offences across the state after High Court concurrence. Designation of two City Civil and Sessions Courts as Special Courts under the Securities and Exchange Board of India Act, the Securities Contract (Regulation) Act and the Depositories Act confers state wide jurisdiction for offences and regulatory matters under those enactments, made by the Central Government with the concurrence of the High Court and suppressing specified earlier notifications while preserving prior actions.
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Provisions expressly mentioned in the judgment/order text.
Special Courts designation centralizes jurisdiction for securities and depository offences across the state after High Court concurrence.
Designation of two City Civil and Sessions Courts as Special Courts under the Securities and Exchange Board of India Act, the Securities Contract (Regulation) Act and the Depositories Act confers state wide jurisdiction for offences and regulatory matters under those enactments, made by the Central Government with the concurrence of the High Court and suppressing specified earlier notifications while preserving prior actions.
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