Enforcement Directorate Flashcards
1
Q
What is Enforcement Directorate (ED)?
A
The Directorate General of Economic Enforcement (Enforcement Directorate) is a law enforcement and economic intelligence agency responsible for enforcing economic laws and fighting economic crime in India.
2
Q
Enforcement Directorate (ED) is administered by whom?
A
Department of Revenue under the Ministry of Finance.
3
Q
headquarters?
A
New Delhi
4
Q
headed by whom?
A
Director of Enforcement, who is an IRS officer (Indian Revenue Service)
5
Q
What are functions of Enforcement Directorate (ED)?
A
Investigating violations of
- Foreign Exchange Management Act (FEMA)
- Prevention of Money Laundering Act, 2002 (PMLA)
- Fugitive Economic Offenders Act, 2018.
- show cause notices under repealed FERA (Foreign Exchange Regulation Act, 1973).
