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Section 14 - National Bank for Financing Infrastructure and Development Act, 2021
14. Defects in appointment not to invalidate acts, etc.-
(1) No act or proceeding of the Board or of any of its committee shall be questioned on the ground merely of the existence of any vacancy in, or defect in the constitution of, the Board or the committee, as the case may be.
(2) No act done by any person acting in good faith as a director of the Board or as a member of its committee shall become invalid merely on the ground that he was disqualified to be a director or that there was any other defect in his appointment.
Related Sections
Related Acts
- Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Act, 2018
- Central Goods and Services Tax (Amendment) Act, 2018
- National Commission for Indian System of Medicine Act, 2020
- Rights of Persons with Disabilities Act, 2016
- Union Territory Goods and Services Tax (Amendment) Act, 2018
* Only for reference.