Section 23

Protection of action taken in good faith.

The Securities and Exchange Board of India Act, 1992

  • Act 15 of 1992
  • Ministry of Finance
  • Department of Economic Affairs
About this Act

An Act to provide for the establishment of a Board to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto.

All sections
    No suit, prosecution or other legal proceedings shall lie against the Central Government 1 [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.

Notes

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

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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