(1) No prosecution under this Act shall be instituted except by or with the previous sanction of the Insurance Commissioner [or of such other officer of the Corporation as may be authorised in this behalf by the [Director General of the Corporation]].
[(2) No court inferior to that of a Metropolitan Magistrate or Judicial Magistrate of the First Class shall try any offence under this Act.]
(3) No Court shall take cognizance of any offence under this Act except on a compliant made in writing in respect thereof [* * *].