Section 58A: Protection of action taken in good faith.

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

[58A. Protection of action taken in good faith.--(1) No suit, prosecution or other legal proceeding shall lie against the Central Government or the Bank or any other person in respect of anything which is in good faith done or intended to be done under this Act or in pursuance of any order, regulation or direction made or given thereunder.

(2) No suit or other legal proceeding shall lie against the Central Government or the Bank for any damage caused or likely to be caused by anything which is in good faith done or intended to be done under this Act or in pursuance of any order, regulation or direction made or given thereunder.]

Where this provision sits

Act	The Reserve Bank of India Act, 1934
Section	58A
Marginal note	Protection of action taken in good faith.
Jurisdiction	Central
Status	In 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 s. 25, ibid. (w.e.f. 13-12-1974).

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