Section 47:
Cognizance of offences.
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).