Cognizance of offences by courts.
26. (1) No court shall take cognizance of any offence punishable under this Act or any rules or regulations made thereunder, save on a complaint made by the Board 1[* * *].
2[(2) *****]
1. The words "with the previous sanction of the Central Government" omitted by Securities Laws (Amendment) Act 1995, w.e.f. 25-1-1995.
2. Omitted by the Securities Laws (Amendment) Act, 2014, w.r.e.f. 18-07-2013. Prior to the omission, sub-section (2) read as under:
"(2) No court inferior to that of a Court of Session shall try any offence punishable under this Act."