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Securities and Exchange Board of India Act, 1992 · Chapter VII: Miscellaneous

Section 23: Protection of action taken in good faith

No suit, prosecution or other legal proceedings shall lie against the Central Government [or Board] or any officer of the Central Government or any member, officer or other employee of the Board for anything which is in good faith done or intended to be done under this Act or the rules or regulations made thereunder.

Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 14 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.

Supreme Court judgments citing the section 23

No Supreme Court judgment in our database cites this section yet.