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Section 44 - Bar of legal proceedings : Foreign Exchange Management Act 1999

 

 

What is Bar of legal proceedings? Section 44 of FEMA Act 1999

Section 44 of Foreign Exchange Management Act 1999 : "Bar of legal proceedings"

44. No suit, prosecution or other legal proceeding shall lie against the Central Government or the Reserve Bank or any officer of that Government or of the Reserve Bank or any other person exercising any power or discharging any functions or performing any duties under this Act, for anything in good faith done or intended to be done under this Act or any rule, regulation, notification, direction or order made thereunder.

 
 

FEMA ACT 1999

Section 41 - Power of Central Government to give directions

Section 42 - Contravention by companies

Section 43 - Death or insolvency in certain cases

Section 44 - Bar of legal proceedings

Section 45 - Removal of difficulties

 

 

Section 46 - Power to make rules

Section 47 - Power to make regulations

Section 48 - Rules and regulations to be laid before Parliament

Section 49 - Repeal and saving

 

 

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