Section 29: Protection of action taken in good faith.

Q: What does Section 29 of The Securities Contracts (Regulation) Act, 1956 (SCRA) deal with?

Section 29 SCRA pertains to "Protection of action taken in good faith.". It is part of the The Securities Contracts (Regulation) Act, 1956, a legislation enacted by the Parliament of India. Section 29 of The Securities Contracts (Regulation) Act, 1956 (SCRA) governs protection of action taken in good faith. As verified on 19 May 2026.

Q: Is Section 29 SCRA still in force?

Yes, Section 29 of the The Securities Contracts (Regulation) Act, 1956 is currently in force across the Republic of India.

Q: What is धारा 29 SCRA?

धारा 29 SCRA is the Devanagari Hindi reference for Section 29 of the The Securities Contracts (Regulation) Act, 1956. Section 29 of The Securities Contracts (Regulation) Act, 1956 (SCRA) governs protection of action taken in good faith. As verified on 19 May 2026.

Q: What is Dhara 29 SCRA?

Dhara 29 SCRA is the Roman Hindi reference for Section 29 of the The Securities Contracts (Regulation) Act, 1956. "Dhara" means "Section" in Hindi. Section 29 of The Securities Contracts (Regulation) Act, 1956 (SCRA) governs protection of action taken in good faith. As verified on 19 May 2026.

Q: How to cite Section 29 of The Securities Contracts (Regulation) Act, 1956?

Cite as: "Section 29, The Securities Contracts (Regulation) Act, 1956 (SCRA)" in legal briefs. For academic writing, use the BlueBook format: The Securities Contracts (Regulation) Act, 1956, § 29 (India).

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No suit, prosecution or other legal proceeding whatsoever shall lie in any court against the governing body or any member, office bearer or servant of any recognised stock exchange or against any person or persons appointed under sub-section (1) of section 11 for anything which is in good faith done or intended to be done in pursuance of this Act or of any rules or bye-laws made thereunder.