Amendment status not verified — confirm the current text below against the official source.
Cognizance of offences.- (1) No court inferior to that of a Magistrate of the First Class shall try any offence under this Act. 1[(2) No prosecution shall be instituted under this Act without the previous sanction of,- (a) the Director of Co-operative Audit in respect of matters arising out of audit other than matters relating to co- operative credit structure society; (b) the Registrar in respect of all other matters including matters relating to audit in respect of cooperative credit structure society. Provided that no sanction of the Registrar or the Director of Cooperative Audit shall be necessary for filing criminal complaints against the delinquents for alleged misappropriation or embezzlement of funds of a cooperative society detected during the course of audit, inquiry or inspection or in the normal course of business of a cooperative society.] 1