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(1) No Court shall take cognizance of any fli of offence under this Act. or under the rules made o ences, h d . h h . . f h t ereun er except wit t e previous sanction 0 t e Commissio ner, and no Court inferior to that of a M agistrate of the first class shall try an y such offence. (2) Notwithstanding anything contained in the Code of Criminal Procedure, 1898, all offences punisha ble under this Act shall be cognizable and bailable. ComlJosition