Death or insolvency in certain cases
Section 43 of the Foreign Exchange Management Act, 1999 deals with death 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 The Act came into force on 01 Jun 2000.
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.
Section 43, The Foreign Exchange Management Act, 1999 (Act 42 of 1999).
Cross-references
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Questions about Section 43
What does Section 43 of the Foreign Exchange Management Act deal with?
Section 43 of the Foreign Exchange Management Act is headed "Death 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
How do I find court cases under Section 43 of the Foreign Exchange Management Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Fema 43, section 43 Fema, section 43 of the Foreign Exchange Management Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 43 of the Foreign Exchange Management Act, and has it changed?
Its own text turns on section 13 (Penalties), so none of them can safely be read on its own.
When did Section 43 of the Foreign Exchange Management Act come into force?
Section 43 of the Foreign Exchange Management Act, cited as Fema 43, came into force on 01 Jun 2000, having been enacted on 29 Dec 1999. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions1265 words
- 14. Enforcement of the orders of Adjudicating Authority837 words
- 13. Penalties496 words
- 10. Authorised person489 words
- 49. Repeal and saving475 words
- 19. Appeal to Appellate Tribunal465 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 16 Oct 2026. This page is not a substitute for legal advice.