ED Full Form Friends, in this article, we’ll look at the full form of the ED. The Enforcement Directorate (ED) is a specialized financial investigation organization that reports to the Department of Revenue, Ministry of Finance, Government of India, and is based in New Delhi. The ED’s main goal is to carry out two important Indian laws: the Foreign Exchange Management Act of 1999 (FEMA) and the Prime Minister’s Law of 2002 (PMLA) (Money Laundering Prevention Act).
The ED’s official website mentions several other targets related to the fight against money laundering in India. Mr. Sanjay Kumar Mishra, IRS, will lead the ED in February 2022. The ED arrested Maharashtra minister Nawab Malik on February 23, 2022, in a money-laundering investigation involving the Mumbai underworld, mobster Dawood Ibrahim, and his cronies.
ED Full Form
Enforcement Directorate is the full form of ED. It is a law enforcement organization that was founded in 1956. It is in charge of enforcing the Foreign Exchange Management Act (FEMA) of 1999, as well as some aspects of the Prevention of Money Laundering Act (PMLA 2002). The company’s headquarters are in New Delhi, India.
ED: Enforcement Directorate
In India, the Enforcement Directorate (ED) is responsible for enforcing economic laws and combating economic crime. It deals with adjudication issues, and both statutes have appeal provisions, as well as their own trial courts and appellate tribunals.
The Department of Revenue, which is part of the Ministry of Finance, has administrative supervision over the Enforcement Directorate. It has Deputy Directors in charge of 10 Zonal Offices and Assistant Directors in charge of 11 Sub-Regional Offices.
Enforcement Directorate’s Responsibilities
- The ED’s responsibilities include conducting searches, arrests, prosecutions, and surveys in the case of a PMLA violation.
- Functions of the ED include resolving cases of violations of the FERA of 1973 and the FEMA of 1999, as well as deciding on punishment.
- The ED’s mission is to gather, create, and share intelligence about infractions of the FEMA Act of 1999.
- The ED’s responsibilities include apprehending and prosecuting anyone who is involved in money laundering.
- The D’s responsibilities include investigating alleged FEMA violations such as hawala transactions, export proceeds, non-realization of export revenues, foreign currency violations, and other FEMA infractions.
- Attachment of property of FEMA defaulters, which implies prohibition of transfer, conversion, disposal, or movement of property by an order issued under Chapter III of the Money Laundering Act Section 2(1)D, is one of the ED’s functions.
What exactly is ED?
The Enforcement Directorate (ED) is an Indian law enforcement and economic intelligence organization tasked with enforcing economic laws and combating economic issues. The Director of Enforcement is in charge of it. Officers from the Indian Revenue Service, Indian Corporate Law Service, Indian Police Service, and Indian Administrative Service make up the group.
Ahmedabad, Bangalore, Chandigarh, Chennai, Kochi, Delhi, Panaji, Guwahati, Hyderabad, Jaipur, Jalandhar, Kolkata, Lucknow, Mumbai, Patna, and Srinagar are among the Regional Offices of the Directorate. Joint Director is in charge. Bhubaneswar, Kozhikode, Indore, Madurai, Nagpur, Allahabad, Raipur, Dehradun, Ranchi, Surat, and Shimla are the Directorate’s Sub Regional Offices. A deputy director leads the team.
The Directorate of Enforcement was founded on May 1, 1956, when the Department of Economic Affairs established a ‘Enforcement Unit’ to prevent violations of the Foreign Exchange Regulation Act, 1947 (FERA, 1947)’s exchange control laws. This unit was renamed Enforcement Directorate in 1957, and a Madras branch was established.
The Foreign Exchange Regulation Act of 1973 was employed by the Enforcement Directorate. FERA was the name given to this act. FEMA went into effect on June 1, 2000. After a while, all FEMA-related proceedings were brought under the jurisdiction of the ED. ED currently uses FERA 1973 and FEMA 1999 to take action.
The Enforcement Directorate’s (ED) role in combating corruption in India-
The Enforcement Directorate (ED) plays a critical role in India’s fight against corruption. This unique agency performs its job properly, ensuring that those responsible for significant cases of money laundering and black money are prosecuted and punished in accordance with the law.