Section 29
Protection of action taken in good faith.
The Securities Contracts (Regulation) Act, 1956
About this Act
An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, by providing for certain other matters connected therewith.
No suit, prosecution or other legal proceeding
whatsoever shall lie in any court against the governing body or any member, office bearer or servant of
any recognised stock exchange or against any person or persons appointed under sub-section (1) of
section 11 for anything which is in good faith done or intended to be done in pursuance of this Act or of
any rules or bye-laws made thereunder.