Securities Contracts (Regulation) Act, 1956
29.Protection of
action taken in good faith. -
No suit, prosecution
or other legal proceeding whatsoever shall lie in any court against the
governing body or any member, office bearer or servant of any recognised stock
exchange or against any person or persons appointed under sub-section (1) of
section 11 for anything which is in good faith done or intended to be done in
pursuance of this Act or of any rules or bye-laws made thereunder.