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27. Cognizance of offences.-

Notwithstanding anything contained in section 4, no Designated Court shall take cognizance of an offence punishable under that section except upon a complaint made by the Regulator: Provided that the provisions of section 4 and this section shall not apply in relation to a deposit taker which is a company.

Banning of Unregulated Deposit Schemes Act, 2019 Back

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