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Death or insolvency in certain cases [ section 43 ] - FEMA Ready Reckoner - FEMAExtract Death or insolvency in certain cases Scope of section 43 It provides that by reason of death or insolvency of the person liable under section 13 , the following matters will not abate: Any right in relation to the provisions of section 13 , Any obligation in relation to the provisions of section 13 , Any liability in relation to the provisions of section 13 , Any proceeding in relation to the provisions of section 13 or Any appeal arising in relation to the provisions of section 13 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. Extent of liability of legal representative 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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