Section 47 of The Banking Regulation Act, 1949: Cognizance of offences.

Section 47 of The Banking Regulation Act, 1949: Cognizance of offences.

Cognizance of offences. – No Court shall take cognizance of any offence punishable under [sub-section (5) of section 36-AA or] section 46 except upon complaint in writing made by an officer of [the Reserve Bank or, as the case may be, the National Bank] generally or specially authorised in writing in this behalf by [the Reserve Bank or, as the case may be, the National Bank] and [no Court other than that of a Metropolitan Magistrate or a Judicial Magistrate of the First Class or any Court superior thereto] shall try any such offence.

 

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