The polycrystalline double perovskite-La 2 CoNiO 6 ceramics were successfully synthesised by facile wet chemical route. The X-ray diffraction pattern has confirmed the formation of rhombohedral phase with 3 R c symmetry and calculated value of lattice parameters as, a = b = 5.64 Å and c =13.25 Å, respectively. The presence of La 3+ ions, Co 2+ / Co 3+ ions, and Ni 2+ ions on the surface of La 2 CoNiO 6 has been exhibited via X-ray photoelectron spectroscopy. The temperature and frequency dependent dielectric and impedance analysis has revealed the effect of grains and grain boundaries in the relaxation process. The observed values of ac conductivity varied from 5.27 × 10 -6 S/m to 1.06 × 10 -5 S/m with variation of temperature from 300 K to 473 K at frequency of 1 kHz. Further, La 2 CoNiO 6 is a new ferromagnetic semiconductor exhibiting spin glass transition at low temperature of ~50 K. The present first report on structural, dielectric and magnetic study makes La 2 CoNiO 6 a promising material for electronic devices applications.