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  3. HDBN Act
  4. Section 12

HDBN Act

Overview
  • 1Short title, extent and commencement
  • 2Definitions
  • 3High denomination bank notes to cease to be legal tender
  • 4Prohibition of transfer and receipt of high denomination bank notes
  • 5Declaration of high denomination bank notes by banks and Government treasuries
  • 6Exchange of high denomination bank notes held by banks and Government treasuries
  • 7Exchange of high denomination bank notes held by other persons
  • 8Exchange of notes after the time limit specified in section 7
  • 9Closing of banks and Government treasuries
  • 10Penalties
  • 11Special provisions relating to offences
  • 12Protection of action taken in good faith
  • 13Removal of difficulties
  • 14Power to make rules
  • 15Repeal and saving
Previous: Section 11Next: Section 13
HDBN Act 12

Section 12 · Protection of action taken in good faith

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No suit, prosecution or other legal proceeding shall lie against the Government or any officer of the Government or against the Reserve Bank or any public sector bank or any officer of such bank for anything done or intended to be done in good faith under this Act.


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Previous: Section 11Next: Section 13
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