(1) The Designated Court may take cognizance of offences under this Act without the accused being committed to it for trial.
(2) Save as otherwise provided in section 31, the provisions of the Code of Criminal Procedure, 1973 (2 of 1974) shall apply--
(a) to all arrests, searches and seizures made under this Act;
(b) to the proceedings under this Act and for the purposes of the said provisions, the Designated Court shall be deemed to be a Court of Session and the persons conducting the prosecution before the Designated Court, shall be deemed to be Public Prosecutors.
(2) Save as otherwise provided in section 31, the provisions of the Code of Criminal Procedure, 1973 (2 of 1974) shall apply--
(a) to all arrests, searches and seizures made under this Act;
(b) to the proceedings under this Act and for the purposes of the said provisions, the Designated Court shall be deemed to be a Court of Session and the persons conducting the prosecution before the Designated Court, shall be deemed to be Public Prosecutors.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Banning of Unregulated Deposit Schemes.Section 4 · Fraudulent default in Regulated Deposit Schemes.Section 5 · Wrongful inducement in relation to Unregulated Deposit Schemes.Section 6 · Certain scheme to be Unregulated Deposit Scheme.Section 7 · Competent Authority.Section 8 · Designated Court.India Code, Government of India. Text fetched 16 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.