Section 27A
Protection of action taken in good faith .
The Forward Contracts (Regulation) Act, 1952
About this Act
An Act to provide for the regulation of certain matters relating to forward contracts, the prohibition of options in goods and for matters connected therewith.
1[27A. Protection of action taken in good faith.--(1) No suit or other legal proceeding shall lie in
any court against the Central Government or any member, officer or servant of the Commission for
anything which is in good faith done or intended to be done under this Act, or any rule or bye-law made
thereunder.
(2) No suit or other legal proceeding shall lie in any court against the government body or any member, office-bearer or servant of any recognised association or against any person appointed under sub-section (1) of section 13 for anything which is in good faith done or intended to be done with the approval, or at the instance, of the Commission and in pursuance of this Act, or of any rule or bye-law made thereunder.]
(2) No suit or other legal proceeding shall lie in any court against the government body or any member, office-bearer or servant of any recognised association or against any person appointed under sub-section (1) of section 13 for anything which is in good faith done or intended to be done with the approval, or at the instance, of the Commission and in pursuance of this Act, or of any rule or bye-law made thereunder.]
Notes
1. Ins. by act 62 of 1960, s. 22 (w.e.f. 28-12-1960).