The Reserve Bank of India Act

Contribution by Central Government to the Reserve Fund

Contribution to National Rural Credit (Long Term Operations) Fund and Nation al Rural Credit  (Stabilisation) Fund

National Industrial Credit (Long Term Operations) Fund

National Housing Credit (Long Term Operations) Fund

Allocation of surplus profits

Exemption of Banks from income-tax and super-tax

Publication of Bank rate

Auditors

Appointment of special auditors by Government

Powers and duties of auditors

Returns

Rural Credit and Development

Delegation of powers

Power of Bank to depute its employees to other institutions

[Omitted.]

Liquidation of the Bank

Power of the Central Board to make regulations

Protection of action taken in good faith


GENERAL PROVISIONS


1[58A. Protection of action taken in good faith.--(1) No suit, prosecution or other legal proceeding
shall lie against the Central Government or the Bank or any other person in respect of anything which is
in good faith done or intended to be done under this Act or in pursuance of any order, regulation or
direction made or given thereunder.

(2) No suit or other legal proceeding shall lie against the Central Government or the Bank for any
damage caused or likely to be caused by anything which is in good faith done or intended to be done
under this Act or in pursuance of any order, regulation or direction made or given thereunder.] 

LAWGIST

# 58A Protection of action taken in good faith