INDIA CODE
Type a request or start a voice turn

The register holds dated texts. A date set here selects the text it holds for that day, on the pages that hold one.

Section 49, Fiscal Responsibility and Budget Management Act, 2003 [S21-F9M]

As at 7 September 2026. In force from 5 August 2003.

In Fiscal Responsibility and Budget Management Act, 2003 [A11-8JV]. This text from 5 August 2003. 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 49, Fiscal Responsibility and Budget Management Act, 2003 [S21-F9M]. Machine: S21-F9M.

49. 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, Fiscal Responsibility and Budget Management Act, 2003 [S21DTZ] (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.

Made under this section, or naming it (0)

none

Cited by (0)

none

Not held (0)

none

Duties published under this section (0)

none

Section 49, Fiscal Responsibility and Budget Management Act, 2003 [S21-F9M]