LawgistThe Specified Bank Notes (Cessation of Liabilities) Act
10Protection of action taken in good faith
No suit, prosecution or other legal proceeding shall lie against the Government, the Reserve Bank or any of their officers for anything done or intended to be done in good faith under this Act.
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All sections
- 1 Short title and commencement
- 2 Definitions
- 3 Specified bank notes to cease to be liability of Reserve Bank or Central Government
- 4 Exchange of specified bank notes
- 5 Prohibition on holding transferring or receiving specified bank notes
- 6 Penalty for contravention of section 4
- 7 Penalty for contravention of section 5
- 8 Offences by companies
- 9 Special provisions relating to offences
- 10 Protection of action taken in good faith
- 11 Power to make rules
- 12 Power to remove difficulties
- 13 Repeal and savings
