Section 26 - Cognizance of offences by courts - Securities and Exchange Board of India Act, 1992

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.