The Companies Act, 1956
10FZ. Protection of action taken in good faith
1[10FZ. Protection of action taken in good faith.
No suit, prosecution or other legal proceedings shall lie against the Appellate Tribunal or its Chairperson, Member, officer or other employee or against the Tribunal, its President, member, officer or other employee or operating agency or liquidator or any other person authorised by the Appellate Tribunal or the Tribunal in the discharge of any function under this Act for any loss or damage caused or likely to be caused by any act which in good faith done or intended to be done in pursuance of this Act.]
1. Section 10FZ ins. by Act 11 of 2003, sec. 6 (w.e.f. 1-4-2003).