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Companies Act, 1973 (Act No. 61 of 1973)

Chapter XVB: Financial reporting standards

440GG. Limitation of liability

 

 

Neither the Council, the Panel nor their respective members and employees shall be held liable for any loss sustained or damages caused to any person as a result of any bona fide act or omission relating to the performance of their duties under this Chapter, unless gross negligence is proved.