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Section 23: Protection of action taken in good faith.

The Securities and Exchange Board of India Act, 1992Central Act · Act 15 of 1992

No suit, prosecution or other legal proceedings shall lie against the Central Government [or Board] or any officer of the Central Government or any member, officer or other employee of the Board for anything which is in good faith done or intended to be done under this Act or the rules or regulations made thereunder.

Where this provision sits

ActThe Securities and Exchange Board of India Act, 1992
Section23
Marginal noteProtection of action taken in good faith.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it1

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 9 of 1995. . Ins. by Act 9 of 1995, s. 12 (w.e.f. 25-1-1995).

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