Section 16
Protection of action taken in good faith.
The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002
About this Act
An Act to provide for the transfer and vesting of the undertaking (excluding the specified undertaking) of the Unit Trust of India to the specified company to be formed and registered under the Companies Act, 1956, and the transfer and vesting of the specified undertaking of the Unit Trust of India in the Administrator and for matters connected therewith or incidental thereto and also to repeal the Unit Trust of India Act, 1963.
No suit or other legal proceedings shall lie against
the Central Government or the Administrator, Board of Advisers or any of the officers or other employees
of the Central Government 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.