18. Protection of members of the Executive Committee for action taken under this Act

No suit or prosecution shall be instituted against any member of the Executive Committee, or any officer or servant of the Fund for any act which is in good faith done or purported to be done by such member, officer or servant un-der this Act or on the direction of the Executive Committee.

Any expenses incurred by the Fund in any suit or prosecution brought by or against the Fund before any Court shall be paid out of the Fund, and any costs paid to or received by the Fund in any such suit or prosecution, shall be credited to the Fund.

Any expenses incurred by any member, officer or servant as is referred to in subsection (1) in any suit or prosecution brought against him before any Court in respect of any act which is done or purported to be done, by him under this Act, or on the direction of the Executive Committee shall, if the Court holds that such act was done in good faith, be paid out of the Fund, unless such expenses are recovered by him in such suit or prosecution.