Law Maker

PENALTIES AND PROCEDURE

Section 26: Cognizance of offences by courts

The Securities Contracts (Regulation) Act, 1956

1[(1) No court shall take cognizance of any offence punishable under this Act or any rules or regulations or bye-laws made thereunder, save on a complaint made by the Central Government or State Government or the Securities and Exchange Board of India or a recognised stock exchange or by any person.]

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Footnotes in the official text

  1. 1.Subs. by s. 13, ibid., for section 26 (w.e.f. 12-10-2004).
  2. 2.Sub-section (2) omitted by Act 27 of 2014, s. 37 (w.e.f. 8-9-2014).