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The Reserve Bank of India Act, 1934

Chapter III — CENTRAL BANKING FUNCTIONS

Section 43AProtection of action taken in good faith

Read in the full Act
Section 43A: Protection of action taken in good faith

43A. Protection of action taken in good faith

43A. Protection of action taken in good faith.—(1) No suit or other legal proceeding shall lie against the Bank or any of its officers for anything which is in good faith done or intended to be done in pursuance of section 42 or section 43 [or in pursuance of the provisions of Chapter IIIA].

(2)

No suit or other legal proceeding shall lie against the Bank or any of its officers for any damage caused or likely to be caused by anything which is in good faith done or intended to be done in pursuance of section 42 or section 43 [or in pursuance of the provisions of Chapter IIIA].

Amendment notes (2)
  1. Ins w.e.f. 30-12-1953 . Ins. by Act 54 of 1953, s. 7 (w.e.f. 30-12-1953).
  2. Ins w.e.f. 15-9-1962 . Ins. by Act 35 of 1962, s. 5 (w.e.f. 15-9-1962).