Clause 17
Immunity of Authority and its employees, etc.
of Payment and Settlement Systems (Finality and Netting) Bill
BillNot in forceProvision 17 of 22
Clause 17
No suit or other legal proceedings shall lie against the Authority or any officer or employee of the Authority or any person acting under the direction of the Authority —
(a)
for any act done in good faith —
(i)
in the performance, or intended performance, of any function or duty; or
(ii)
in the exercise, or intended exercise, of any power,in the capacity of the Authority as the designating authority under this Act; or
(b)
for any neglect or default in the performance or exercise in good faith of such function, duty or power.