Companies Act, 1956
Sec 58AAA - Default in
acceptance or refund of deposits to be cognizable
(1) Notwithstanding anything contained in
sections 621 and 624, every offence connected with or arising out of acceptance
of deposits under section 58A or section 58AA shall be cognizable offence under
the Code of Criminal Procedure, 1973.
(2) No court shall take cognizance of any
offence under sub-section (1) except on a complaint made by the Central
Government or any officer authorized by it in this behalf.