(1) No suit or other legal proceeding shall be lie against the Central Government, the Reserve Bank or any officer for anything which is in good faith done or intended to be done in pursuance of this Act.
(2) Save as otherwise expressly provided by or under this Act, no suit or other legal proceeding shall lie against the Central Government, the Reserve Bank or any officer for any damage caused or likely to be caused by anything in good faith done or intended to be done in pursuance of this Act.
Section 48 Application of fines Section 49 Special provisions for private banking companies
Section 50 Certain claims for compensation barred
Section 51 Application on of certain provisions to the State Bank of India and other notified banks
Section 52 Power of Central Government to make rules
Section 53 Power to exempt in certain cases
Section 54 Protection of action taken under Act
Section 55 Amendment of Act 2 of 1934, Section 55a Power to remove difficulties
Section 56 Act to apply to co-operative societies subject to modifications