Act Number: 42

Act Name: The Securities Contracts (Regulation) Act, 1956

Year: 1956

Enactment Date: 1956-09-04

Long Title: An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, by providing for certain other matters connected therewith.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 29: Protection of action taken in good faith.
    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.
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