law: Depositories Act, 1996 
  22. Cognizance of offences by courts 
  (1) No court shall take cognizance of any offence punishable
  
  under this Act or any regulations or bye-laws made thereunder, save on a
  
  complaint made by the Board.
  (2) 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.