ED full form – What is Directorate of Enforcement

ED full form – What is Directorate of Enforcement

ED full form

You must have often heard the name of ED in the news, you must have read or heard the news related to ED raids in many places but do you know what is ED?, ED full form – What is the full form of ED? We know that you will not have information about ED, that is why you must be reading this article, today we will clear all your doubts about ED.

In this article you will read what is ED, what is the full form of ED , what are the functions of ED and many other information about ED will be read in detail.

ED full form

The full form of ED is Directorate of Enforcement , ED is  also known as Directorate General of Economic Enforcement.

ED Logo

ED logo
ED Logo

What is ED?

Enforcement DirectorateDirectorate of Enforcement
Establishment1 May 1956
( 66 years ago )
Operating jurisdictionIndia
HeadquartersNew Delhi
Parent agencyDepartment of Revenue, Ministry of Finance

The full name of ED is Directorate of Enforcement which is called Pravartan Nidhalaya in Hindi. ED is a special investigation agency under the Department of Revenue, Ministry of Finance, Government of India, headquartered in New Delhi, the capital of India. Which is known as Pravartan Bhawan . The Enforcement Directorate is primarily a financial investigation agency. Which investigates the crime of money laundering and violation of foreign exchange laws.

The statutory functions of the Directorate include enforcement of the following Acts:

1. The Prevention of Money Laundering Act, 2002 (PMLA)  The Prevention of Money Laundering Act, 2002 (PMLA) :  It is a criminal law to prevent money laundering and confiscation of property derived from or involved in money laundering and connected therewith or incidental thereto. has been enacted to provide for the matters The ED has been entrusted with the responsibility of enforcing the provisions of the PMLA by conducting investigations to trace assets derived from proceeds of crime, provisionally attaching and prosecuting offenders, and ensuring confiscation of assets by a special court.

2. The Foreign Exchange Management Act, 1999 (FEMA) The Foreign Exchange Management Act, 1999 (FEMA) :  It is a civil law enacted to consolidate and amend the laws relating to the facilitation of external trade and payments and the systematic regulation of the foreign exchange market in India. Enacted to promote development and maintenance. The ED is entrusted with the responsibility of investigating suspected violations of foreign exchange laws and regulations, adjudicating and imposing penalties on violators.

3.  The Fugitive Economic Offenders Act, 2018 (FEOA): The Fugitive Economic Offenders Act, 2018 (FEOA):  This law was enacted to prevent economic offenders from evading the process of Indian law by staying outside the jurisdiction of Indian courts. It is a law under which the Directorate is mandated to attach properties of fugitive economic offenders who have fled India for arrest and provide them to the central government for confiscation of their properties.

4. Foreign Exchange Regulation Act, 1973 (FERA) The Foreign Exchange Regulation Act, 1973 (FERA) :  Repealed The main function under FERA is to adjudicate show cause notices issued under the said Act up to 31.5.2002 for alleged violations of the Act , resulting in further imposition of fine and prosecution initiated under FERA in the respective courts.

5. Sponsoring agency under COFEPOSA Sponsoring agency under COFEPOSA :  Under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA), this Directorate is empowered to sponsor cases of preventive detention in respect of violations of FEMA.

HISTORY OF ED

The Enforcement Directorate or ED is a multi-disciplinary organization mandated with the investigation of economic offenses and violations of foreign exchange laws. The genesis of this Directorate dates back to May 1, 1956, when an ‘Enforcement Unit’ was formed in the Department of Economic Affairs to deal with violations of exchange control laws under the Foreign Exchange Regulation Act, 1947 (FERA ’47). The unit with Delhi as its headquarters was headed by a Legal Services Officer as Director of Enforcement, an officer on deputation from the Reserve Bank of India (RBI) and 03 Inspectors from the Special Police Establishment. There were 02 branches in Bombay and Calcutta.

In the year 1957, this unit was renamed as ‘Enforcement Directorate’ and another branch was opened in Madras. In 1960, the administrative control of the Directorate was transferred from the Department of Economic Affairs to the Department of Revenue. With the passage of time, FERA’47 was repealed and replaced by FERA, 1973. For a short period of 04 years (1973 – 1977), the Directorate remained under the administrative jurisdiction of the Department of Personnel and Administrative Reforms. Presently, the Directorate is under the administrative control of the Department of Revenue, Ministry of Finance, Government of India.

With the beginning of the process of economic liberalisation, FERA, 1973, which was a regulatory law, was repealed and replaced by a new law viz. The Foreign Exchange Management Act, 1999 (FEMA) came into force from 1 June 2000. Further, in line with the international Anti-Money Laundering regime, the Prevention of Money Laundering Act, 2002 (PMLA) was enacted and ED was entrusted with its enforcement. With effect from 1 July 2005. Recently, with the increase in the number of cases related to economic offenders who have taken shelter abroad, the government has passed the Fugitive Economic Offenders Act, 2018 (FEOA) and ED has been tasked to implement it from 21st April 2018 .

Organizational Structure of ED 

The Directorate of Enforcement, headquartered in New Delhi, is headed by the Director of Enforcement. There are five regional offices at Mumbai, Chennai, Chandigarh, Kolkata and Delhi, headed by Special Directors of Enforcement.

The Directorate has regional offices at Pune, Bengaluru, Chandigarh, Chennai, Kochi, Delhi, Panaji, Guwahati, Hyderabad, Jaipur, Jalandhar, Kolkata, Lucknow, Mumbai, Patna and Srinagar. They are headed by a Joint Director.

The Directorate has sub-regional offices at Mangaluru, Bhubaneshwar, Kozhikode, Indore, Madurai, Nagpur, Allahabad, Raipur, Dehradun, Ranchi, Surat, Shimla, Visakhapatnam and Jammu, headed by a Deputy Director.

Conclusion

Today we have given you detailed information about Enforcement Directorate (ED) In ​​this post you have read What is ED,  What are the functions of ED, history of ED , Full form of ED etc. We hope you liked this article.

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