Section 49
Cognizance and trial of offences.
The Deposit Insurance and Credit Guarantee Corporation Act, 1961
About this Act
An Act to provide for the establishment of a corporation for the purpose of insurance of deposits and guaranteeing of credit facilities and for other matters connected therewith or incidental thereto.
1[49. Cognizance and trial of offences.--(1) Notwithstanding anything contained in the Code of
Criminal Procedure, 1973 (2 of 1974), no Court shall take cognizance of any offence punishable under
this Act except upon a complaint, in writing, made by an officer of the Corporation, generally or specially
authorised in writing in this behalf by the Board, and no court, inferior to the Court of a Metropolitan
Magistrate or a Judicial Magistrate of the first class, shall try any such offence.
(2) Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974), a Magistrate may, if he sees reason so to do, dispense with the personal attendance of the officer of the Corporation filing the complaint, but the Magistrate may, in his discretion, at any stage of the proceeding, direct the personal attendance of the complainant.]
(2) Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974), a Magistrate may, if he sees reason so to do, dispense with the personal attendance of the officer of the Corporation filing the complaint, but the Magistrate may, in his discretion, at any stage of the proceeding, direct the personal attendance of the complainant.]
Notes
1. Subs. by Act 21 of 1978, s. 8, for section 49 (w.e.f. 15-7-1978).