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Section 27A: Protection of action taken in good faith .

The Forward Contracts (Regulation) Act, 1952Central Act · Act 74 of 1952

[27A. Protection of action taken in good faith.--(1) No suit or other legal proceeding shall lie in any court against the Central Government or any member, officer or servant of the Commission for anything which is in good faith done or intended to be done under this Act, or any rule or bye-law made thereunder.

(2) No suit or other legal proceeding shall lie in any court against the government body or any member, office-bearer or servant of any recognised association or against any person appointed under sub-section (1) of section 13 for anything which is in good faith done or intended to be done with the approval, or at the instance, of the Commission and in pursuance of this Act, or of any rule or bye-law made thereunder.]

Where this provision sits

ActThe Forward Contracts (Regulation) Act, 1952
Section27A
Marginal noteProtection of action taken in good faith .
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted. . Ins. by act 62 of 1960, s. 22 (w.e.f. 28-12-1960).

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