Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992

Section - 9A - Jurisdiction, powers, authority and procedure of Special Court in civil matters

[Jurisdiction, powers, authority and procedure of Special Court in civil matters.

9A. (1) On and from the commencement of the Special Court (Trial of Offences Relating to Transactions in Securities) Amendment Act, 1994, the Special Court shall exercise all such jurisdiction, powers and authority as were exercisable, immediately before such commencement, by any civil court in relation to any matter or claim-

(a)-relating to any property standing attached under sub section (3) of section 3;
(b)-arising out of transactions in securities entered into after the 1st day of April, 1991, and on or before the 6th day of June, 1992, in which a person notified under sub section (2) of section 3 is involved as a party, broker, intermediary or in any other manner.
(2) Every suit, claim or other legal proceeding (other than an appeal) pending before any Court immediately before the commencement of the Special Court (Trial of Offences Relating to Transactions in Securities) Amendment Act, 1994, being a suit, claim or proceeding, the cause of action whereon it is based is such that it would have been, if it had arisen after such commencement, within the jurisdiction of the Special Court under sub section (1), shall stand transferred on such commencement to t .... To read the full section download the app from Google Play store
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