Section 15: Protection of action taken in good faith

Q: What does Section 15 of The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID) deal with?

Section 15 MPID pertains to "Protection of action taken in good faith". It is part of the The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999, a legislation enacted by the Parliament of India. Section 15 of The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID) governs protection of action taken in good faith. As verified on 19 May 2026.

Q: Is Section 15 MPID still in force?

Yes, Section 15 of the The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 is currently in force across the Republic of India.

Q: What is धारा 15 MPID?

धारा 15 MPID is the Devanagari Hindi reference for Section 15 of the The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999. Section 15 of The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID) governs protection of action taken in good faith. As verified on 19 May 2026.

Q: What is Dhara 15 MPID?

Dhara 15 MPID is the Roman Hindi reference for Section 15 of the The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999. "Dhara" means "Section" in Hindi. Section 15 of The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID) governs protection of action taken in good faith. As verified on 19 May 2026.

Q: How to cite Section 15 of The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999?

Cite as: "Section 15, The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID)" in legal briefs. For academic writing, use the BlueBook format: The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999, § 15 (India).

Law on Tips Editorial Board

- No suit or other proceedings shall lie against the Government or the Competent Authority or an officer or employee of the Government for anything which is in good faith done or intended to be done under this Act.