No court shall take cognizance of an offence after the expiry of the period of limitation under Section…

Section 514(2) of the Bharatiya Nagarik Suraksha Sanhita, 2023 (formerly section 468(2) CrPC) fixes the limitation for taking cognizance at six months for offences punishable with fine only, one year for offences punishable with imprisonment up to one year, and three years for offences punishable with imprisonment above one year but not above three years. It prescribes no two-year period for economic offences; the Economic Offences (Inapplicability of Limitation) Act, 1974 in fact excludes the general limitation provisions for specified economic offences.