Reserve Bank of India Act,1934

Act No : 2

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Section : Perfection of action taken in good faith

4*[58A. Perfection 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 ---------------------------------------------------------------------- 1. Subs. by Act 66 of 1988, s. 6, for "the Scheduled banks" (w.e.f. 30.12.1988). 2. Ins. by Act 51 of 1974, s. 24. 3. Sub-section (3) renumbered as sub-section (5) by s. 24, ibid. 4. Ins. by s. 25, ibid. 30.12.1988). 42O 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.]

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