Section 54: Protection of action taken under Act.

Q: What does Section 54 of The Banking Regulation Act, 1949 (BR Act) deal with?

Section 54 BR Act pertains to "Protection of action taken under Act.". It is part of the The Banking Regulation Act, 1949, a legislation enacted by the Parliament of India. Section 54 of The Banking Regulation Act, 1949 (BR Act) governs protection of action taken under Act. As verified on 19 May 2026.

Q: Is Section 54 BR Act still in force?

Yes, Section 54 of the The Banking Regulation Act, 1949 is currently in force across the Republic of India.

Q: What is धारा 54 BR Act?

धारा 54 BR Act is the Devanagari Hindi reference for Section 54 of the The Banking Regulation Act, 1949. Section 54 of The Banking Regulation Act, 1949 (BR Act) governs protection of action taken under Act. As verified on 19 May 2026.

Q: What is Dhara 54 BR Act?

Dhara 54 BR Act is the Roman Hindi reference for Section 54 of the The Banking Regulation Act, 1949. "Dhara" means "Section" in Hindi. Section 54 of The Banking Regulation Act, 1949 (BR Act) governs protection of action taken under Act. As verified on 19 May 2026.

Q: How to cite Section 54 of The Banking Regulation Act, 1949?

Cite as: "Section 54, The Banking Regulation Act, 1949 (BR Act)" in legal briefs. For academic writing, use the BlueBook format: The Banking Regulation Act, 1949, § 54 (India).

Law on Tips Editorial Board

(1) No suit or other legal proceeding shall be lie against the Central Government, the Reserve Bank or any officer for anything which is in good faith done or intended to be done in pursuance of this Act.

(2) Save as otherwise expressly provided by or under this Act, no suit or other legal proceeding shall lie against the Central Government, the Reserve Bank or any officer for any damage caused or likely to be caused by anything in good faith done or intended to be done in pursuance of this Act.