The Foreign Exchange Management Act
43Death or insolvency in certain cases
Any right, obligation, liability, proceeding or appeal arising in relation to the provisions of section 13 shall not abate by reason of death or insolvency of the person liable under that section and upon such death or insolvency such rights and obligations shall devolve on the legal representative of such person or the official receiver or the official assignee, as the case may be:
Provided that a legal representative of the deceased shall be liable only to the extent of the inheritance or estate of the deceased.
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MISCELLANEOUS
- 39 Presumption as to documents in certain cases
- 40 Suspension of operation of this Ac
- 41 Power of Central Government to give directions
- 42 Contravention by companie
- 43 Death or insolvency in certain cases
- 44 Bar of legal proceedings
- 45 Removal of difficulties
- 46 Power to make rule
- 47 Power to make regulation
- 48 Rules and regulations to be laid before Parliament
- 49 Repeal and saving