Section 58A: Protection of action taken in good faith

Q: What does Section 58A of The Reserve Bank of India Act, 1934 (RBI Act) deal with?

Section 58A RBI Act pertains to "Protection of action taken in good faith". It is part of the The Reserve Bank of India Act, 1934, a legislation enacted by the Parliament of India. Section 58A of The Reserve Bank of India Act, 1934 (RBI Act) governs protection of action taken in good faith. As verified on 19 May 2026.

Q: Is Section 58A RBI Act still in force?

Yes, Section 58A of the The Reserve Bank of India Act, 1934 is currently in force across the Republic of India.

Q: What is धारा 58A RBI Act?

धारा 58A RBI Act is the Devanagari Hindi reference for Section 58A of the The Reserve Bank of India Act, 1934. Section 58A of The Reserve Bank of India Act, 1934 (RBI Act) governs protection of action taken in good faith. As verified on 19 May 2026.

Q: What is Dhara 58A RBI Act?

Dhara 58A RBI Act is the Roman Hindi reference for Section 58A of the The Reserve Bank of India Act, 1934. "Dhara" means "Section" in Hindi. Section 58A of The Reserve Bank of India Act, 1934 (RBI Act) governs protection of action taken in good faith. As verified on 19 May 2026.

Q: How to cite Section 58A of The Reserve Bank of India Act, 1934?

Cite as: "Section 58A, The Reserve Bank of India Act, 1934 (RBI Act)" in legal briefs. For academic writing, use the BlueBook format: The Reserve Bank of India Act, 1934, § 58A (India).

Law on Tips Editorial Board

(1)

No suit, prosecution or other legal proceeding shall lie against the Central Government or the Bank or any other person in respect of anything which is in good faith done or intended to be done under this Act or in pursuance of any order, regulation or direction made or given thereunder.

(2)

No suit or other legal proceeding shall lie against the Central Government or the Bank for any damage caused or likely to be caused by anything which is in good faith done or intended to be done under this Act or in pursuance of any order, regulation or direction made or given thereunder.