Section 55: Continuance of proceeding in the event of death or insolvency .-(1) Where

Q: What does Section 55 of The Foreign Exchange Regulation Act, 1973 (FERA) deal with?

Section 55 FERA pertains to "Continuance of proceeding in the event of death or insolvency .-(1) Where". It is part of the The Foreign Exchange Regulation Act, 1973, a legislation enacted by the Parliament of India. Section 55 of The Foreign Exchange Regulation Act, 1973 (FERA) governs continuance of proceeding in the event of death or insolvency .-(1) Where. As verified on 22 May 2026.

Q: Is Section 55 FERA still in force?

Yes, Section 55 of the The Foreign Exchange Regulation Act, 1973 is currently in force across the Republic of India.

Q: What is धारा 55 FERA?

धारा 55 FERA is the Devanagari Hindi reference for Section 55 of the The Foreign Exchange Regulation Act, 1973. Section 55 of The Foreign Exchange Regulation Act, 1973 (FERA) governs continuance of proceeding in the event of death or insolvency .-(1) Where. As verified on 22 May 2026.

Q: What is Dhara 55 FERA?

Dhara 55 FERA is the Roman Hindi reference for Section 55 of the The Foreign Exchange Regulation Act, 1973. "Dhara" means "Section" in Hindi. Section 55 of The Foreign Exchange Regulation Act, 1973 (FERA) governs continuance of proceeding in the event of death or insolvency .-(1) Where. As verified on 22 May 2026.

Q: How to cite Section 55 of The Foreign Exchange Regulation Act, 1973?

Cite as: "Section 55, The Foreign Exchange Regulation Act, 1973 (FERA)" in legal briefs. For academic writing, use the BlueBook format: The Foreign Exchange Regulation Act, 1973, 1973, § 55 (India).

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a penalty has been imposed under section 50 read with section 51 by the adjudicating officer on any person and no appeal against the order imposing such penalty has been preferred to the Appellate Board; or

any such appeal has been preferred to the Appellate Board, and

in a case referred to in clause (i), such person dies or is adjudicated an insolvent before preferring an appeal to the Appellate Board; or

in a case referred to in clause (ii), such person dies or is adjudicated an insolvent during the pendency of the appeal, then, it shall be lawful for the legal representatives of such person, or the official assignee or the official receiver, as the case may be, to prefer an appeal to the Appellate Board, or as the case may be, to continue the appeal before the Appellate Board, in place of such person and the provisions of section 52 shall, so far as may be, apply or continue to apply to such appeal.

(2)

Where-

(3)

The powers of the official assignee or the official receiver under sub-section (1) or sub-section (2) shall be exercised by him subject to the provisions of the Presidency Towns Insolvency Act, 1909, or the Provincial Insolvency Act, 1920, as the case may be.