Section 47
Cognizance of offences.
The Banking Regulation Act, 1949
About this Act
An Act to consolidate and amend the law relating to banking.
No Court shall take cognizance of any offence punishable under
1[sub-section (5) of section 36AA or] section 46 except upon complaint in writing made by an officer of 2[the Reserve Bank or, as the case may be, the National Bank] generally or specially authorized in
writing in this behalf by 3[the Reserve Bank or, as the case may be, the National Bank], and 3[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.
Notes
1. Ins. by Act 55 of 1963, s. 26 (w.e.f. 1-2-1964).
2. Subs. by Act 61 of 1981, s. 61 and Sch. II, for "the Reserve Bank" (w.e.f. 12-7-1984).
3. Subs. by Act 1 of 1984 s. 39, for certain words (w.e.f. 15-2-1984).
2. Subs. by Act 61 of 1981, s. 61 and Sch. II, for "the Reserve Bank" (w.e.f. 12-7-1984).
3. Subs. by Act 1 of 1984 s. 39, for certain words (w.e.f. 15-2-1984).