Section 36
Protection of action taken in good faith.
The Banning of Unregulated Deposit Schemes Act, 2019
About this Act
An Act to provide for a comprehensive mechanism to ban the unregulated deposit schemes, other than deposits taken in the ordinary course of business, and to protect the interest of depositors and for matters connected therewith or incidental thereto.
No suit, prosecution or other legal proceedings
shall lie against the appropriate Government or the Competent Authority or any officer of the
appropriate Government for anything which is in good faith done or intended to be done under this
Act or the rules made thereunder.