Amended and updated notes on section 456 of Companies Act 2013. Detail discussion on provisions and rules related to protection of action taken in good faith.
Chapter XXIX (Sections 447–470) of the Companies Act, 2013 (CA 2013) deals with the provisions related to miscellaneous. Section 456 of CA 2013 provides for protection of action taken in good faith.
Recently, we have discussed in detail section 455 (dormant company) of CA 2013. Today, we learn the provisions of section 456 of the Companies Act 2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XXIX |
| Chapter Name | Miscellaneous |
| Section No. | 456 |
| Section Name | Protection of action taken in good faith |
| Monthly Updated Edition | Company Law PDF |
Section 456 of Companies Act 2013: Protection of action taken in good faith
Section 456 shall come into force on 12th September, 2013 vide Notification No. S.O. 2754(E) dated 12.09.2013.
No suit, prosecution or other legal proceeding shall lie against the Government or any officer of the Government or any other person in respect of anything which is in good faith done or intended to be done in pursuance of this Act or of any rules or orders made thereunder, or in respect of the publication by or under the authority of the Government or such officer, of any report, paper or proceedings.