law: The Small Industries Development Bank of India Act, 1989 
  37. Defects in appointment
  
  not to invalidate acts etc 
  1.     
  
    No
  
  act or proceeding of the Board or of any committee of the Small Industries Bank
  
  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 shall be deemed to be
  
  invalid merely on the ground that he was disqualified to be a Director or that
  
  there was any other defect in his appointment