Section 45
Protection of action taken under this Act.
The Small Industries Development Bank of India Act, 1989
About this Act
An Act to establish the Small Industries Development Bank of India as the principal financial institution for the promotion, financing and development of industry in the small-scale sector and to co-ordinate the functions of the institutions engaged in the promotion, financing or developing industry in the small-scale sector and for matters connected therewith or incidental thereto.
No suit or other legal proceeding shall lie against
the Small Industries Bank, 1[chairman and managing director, the whole-time director] or any Director or
any officer or other employee of such Bank or any other person authorised by that Bank to discharge any
functions under this Act for any loss or damage caused or likely to be caused by anything which is in
good faith done or intended to be done in pursuance of this Act or any other law or provision having the
force of law.
Notes
1. Subs. by Act 7 of 2000, s. 23, for "chairman" (w.e.f. 27-3-2000).