Indemnity of certain, Directors and bar to proceedings

Indemnity of certain, Directors and bar to proceedings

1. (1) . Every Non-official director shall be indemnified against any losses and expenses incurred by him in or in relation to, the discharge his duties except such as are caused by his own wilful act or default.
2. (2) . No suit or other proceeding shall be instituted against any director or member of any Committee or officer or employee of the Board for anything in good faith done or intended to be done in pursuance of this Act or any regulation or other instrument made thereunder.