Protection for good faith regulatory actions shields exchange officials and appointees from legal proceedings for acts in pursuance. Persons such as governing body members, office-bearers, servants of a recognised stock exchange, and persons appointed under the appointment provision are immune from suit, prosecution or other legal proceedings for anything done or intended to be done in good faith in pursuance of the Act or of rules or bye-laws made thereunder.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Protection for good faith regulatory actions shields exchange officials and appointees from legal proceedings for acts in pursuance.
Persons such as governing body members, office-bearers, servants of a recognised stock exchange, and persons appointed under the appointment provision are immune from suit, prosecution or other legal proceedings for anything done or intended to be done in good faith in pursuance of the Act or of rules or bye-laws made thereunder.
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