Section 47 of Banking Regulation Act - Cognizance of offences

Section 47 of Banking Regulation Act 1949: Cognizance of offences

No Court shall take cognizance of any offence punishable under *[sub-section (5) of section 36AA 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 authorized 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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*Ins. by Act 55 of 1963, s. 26 (w.e.f. 1-2-1964)

**Subs. by Act 61 of 1981, s. 61 and Sch. II, for "the Reserve Bank" (w.e.f. 12-7-1984)Subs. by Act 61 of 1981, s. 61 and Sch. II, for "the Reserve Bank" (w.e.f. 12-7-1984)

***Subs. by Act 1 of 1984 s. 39, for certain words (w.e.f. 15-2-1984)