alleryStart learning →A deceased person's legal representative is liable for a Section 13 penalty only to the extent of:
AThe estate inherited
BTwice the penalty
CHalf the penalty
DOne lakh rupees
Answer & Solution
Correct answer: A. The estate inherited
Section 43 keeps proceedings alive after death but limits the representative's liability to the deceased's estate.
Keep practising Foreign Exchange Management Act 1999
Browse all Foreign Exchange Management Act 1999 questions for CA Inter, or explore more Law topics.
Related questions
Who may regulate a non-resident's setting up of a branch office in India?FEMA borrows the meaning of chartered accountant from:Contraventions under FEMA are treated as:Under FERA, an accused was presumed:FEMA aims at promoting orderly development and maintenance of the:A company receiving FDI files which annual FEMA return?Which of these falls within the meaning of currency in FEMA?Under FEMA, import means bringing into India: