Section 27: Cognizance of offences.

The Banning of Unregulated Deposit Schemes Act, 2019Central Act · Act 21 of 2019

Notwithstanding anything contained in section 4, no Designated Court shall take cognizance of an offence punishable under that section except upon a complaint made by the Regulator:

Provided that the provisions of section 4 and this section shall not apply in relation to a deposit taker which is a company.

Where this provision sits

Act	The Banning of Unregulated Deposit Schemes Act, 2019
Section	27
Marginal note	Cognizance of offences.
Jurisdiction	Central
Status	In force as published by the source

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