Good-faith protection shields persons performing statutory foreign-exchange functions from civil and criminal proceedings under delegated measures. Good-faith immunity from legal proceedings applies to the Central Government, the Reserve Bank, their officers, and other persons exercising powers, ... Summary
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Good-faith protection shields persons performing statutory foreign-exchange functions from civil and criminal proceedings under delegated measures.
Good-faith immunity from legal proceedings applies to the Central Government, the Reserve Bank, their officers, and other persons exercising powers, discharging functions, or performing duties under the Foreign Exchange Management Act, 1999. The protection covers acts done or intended to be done in good faith under the Act and under rules, regulations, notifications, directions, or orders made under it.
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