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Section 43A: Protection of action taken in good faith.

The Reserve Bank of India Act, 1934Central Act · Act 2 of 1934

[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].]

Where this provision sits

ActThe Reserve Bank of India Act, 1934
Section43A
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, Act 54 of 1953. . Ins. by Act 54 of 1953, s. 7 (w.e.f. 30-12-1953).
  • inserted, Act 35 of 1962. . Ins. by Act 35 of 1962, s. 5 (w.e.f. 15-9-1962).

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