ORAL ORDER

1. RULE. Learned APP waives service of notice of rule for the respondent-State. Though served, none appears for respondent no.2.

2. Considering the facts and circumstances of the case and with consent of learned advocate for the respective parties, matter is taken up for final disposal forthwith.

3. By way of this application under Section 482 of the Code of Criminal Procedure, 1973 (hereinafter referred to as “Cr.P.C.”), the applicant has prayed to quash and set aside the complaint being FIR C.R. No. 11202009201601 of 2020 with City 'B' Division Police Station, Jamnagar for the offences punishable under Sections 406 & 420 of IPC as well as Sections 13, 16, 17, 19, 23(1) (b), (c),(e) & (f) of The Securities Contract (Regulation) Act, 1956 and all the consequential proceedings arising therefrom.

4. The facts of the case are that on 22.10.2020, respondent No.2, PSI, based on information received by a police officer while patrolling an area in Jamnagar City along with other police officers, raided the shop of accused No.3. The accused persons were trading in securities without a license or permission and without entering into a contract with SEBI, in violation of the provisions