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Cognizance of offences by courts

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..... ny 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 Boar .....

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..... ) No court inferior to that of a Metropolitan Magistrate or a judicial Magistrate of the first class shall try any offence punishable under this Act. 2 Omitted by the Securities Laws (Amendment) Act, .....

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