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

The panel or any member thereof, any committee of the panel or member of such committee, or any employee or representative of the panel, shall not be liable for any loss sustained by or damaged caused to any person as a result of anything done or omitted by the said panel, committee, member, employee or representative in the bona fide or negligent, but not grossly negligent, exercise of any power or carrying out of any duty or performance of any function under or in terms of this Act or the Rules.