INDIA CODE
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Section 34, State Financial Corporations Act, 1951 [S1B-E73]

As at 7 September 2026. In force from 29 September 1952 by S.O. 1052(E) [N11-J5V].

In State Financial Corporations Act, 1951 [A10-DCY]. This text from 29 September 1952. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 34, State Financial Corporations Act, 1951 [S1B-E73]. Machine: S1B-E73.

34. Protection of action taken in good faith.—No suit, prosecution or other legal proceeding shall lie against the Central Government, the Reserve Bank or any officer of the Central Government or of the Reserve Bank for anything which is in good faith done or intended to be done under this Act or the rules made thereunder.

Defined terms in this text (1)

Reserve Bank: Section 2, State Financial Corporations Act, 1951 [S1BD7F] (In this Act, unless the context otherwise requires,—): "Reserve Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934)

Reserve Bank: 24 more definitions.

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Section 34, State Financial Corporations Act, 1951 [S1B-E73]