# 45 Protection of action taken under this Act
No suit or other legal proceeding shall lie against the Small Industries Bank, 1[chairman and managing director, the whole-time director] or any Director or any officer or other employee of such Bank or any other person authorised by that Bank to discharge any functions under this Act for any loss or damage caused or likely to be caused by anything which is in good faith done or intended to be done in pursuance of this Act or any other law or provision having the force of law.
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1. Subs. by Act 7 of 2000, s. 23, for "chairman" (w.e.f. 27-3-2000).
MISCELLANEOUS
41
Special provisions for enforcement of claims by Small Industries Bank42
Small Industries Bank to have access to records43
Validity of loan or advance not to be questioned44
Indemnity of Directors46
Nomination by depositors or holders of bonds or other securities47
Arrangement with Small Industries Bank on appointment of directors to prevail48
Act 18 of 1891 to apply in relation to Small Industries Bank
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