ED Full Form: What is the full form of ED?

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ED Full Form

ED Full Form: The full form of ED is the Enforcement Directorate. It was established in 1956 with its main office in New Delhi. ED is responsible for enforcing specific rules under the Prevention of Money Laundering Act (PML) and the Foreign Exchange Management Act of 1999 (FEMA).

For administrative matters, ED reports to the Department of Revenue, which deals with PML Act policy issues. The Department of Economic Affairs manages FEMA policy, legislation, and any updates.

Before June 1st, 2000, when FEMA came into effect, ED was responsible for enforcing regulations under the Foreign Exchange Regulation Act of 1973.

The current Director of ED is Shri Sudhir Nath, holding the rank of Additional Special. There are two Special Directors at the main office and one Special Director in Mumbai.

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Each of the 10 Zonal offices of ED is headed by a Deputy Director, and each of the 11 sub-zonal offices is led by an Assistant Director.

The “zones” include Mumbai, Delhi, Chennai, Kolkata, Chandigarh, Lucknow, Cochin, Ahmedabad, Bangalore, and Hyderabad.

Examples of “sub-zonal offices” are Jaipur, Jalandhar, Srinagar, Varanasi, Guwahati, Calicut, Indore, Nagpur, Patna, Bhubaneshwar, and Madurai.

ED Full Form

What is the function of ED?

  • Intelligence information comes from different sources, like Central and State Intelligence agencies, complaints, and more. This information is collected, created, and shared to deal with violations of the FEMA, 1999.
  • We examine possible violations of FEMA 1999 rules, like “hawala” foreign exchange activities, not receiving export earnings, failing to send back foreign money, and other violations.
  • We also check if there have been any violations under the old FERA, 1973, and FEMA, 1999.
  • We understand the penalties that result from the adjudication processes.
  • We handle legal actions, appeals, and adjudication cases linked to the old FERA, 1973.
  • We process cases for preventive detention under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (COFEPOSA). We may recommend imprisonment for such cases.
  • We conduct investigations, searches, seizures, arrests, and legal actions against those involved in money laundering under the PMLA.
  • We collaborate with other countries to provide or request legal assistance. This helps in seizing criminal proceeds and transferring accused individuals under the PMLA.
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Conclusion

The Enforcement Directorate, known as ED, plays a vital role in upholding the law when it comes to financial matters. Established in 1956, it carries out its operations from its main office in New Delhi. ED enforces specific regulations outlined in the Prevention of Money Laundering Act (PML) and the Foreign Exchange Management Act of 1999 (FEMA).

Administratively, it reports to the Department of Revenue, which handles PML Act policy issues, while the Department of Economic Affairs manages FEMA policies and related legislation. Before the enactment of FEMA in 2000, ED was responsible for enforcing regulations under the Foreign Exchange Regulation Act of 1973.

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Under the leadership of Director Shri Sudhir Nath, ED’s hierarchy includes Special Directors, Deputy Directors, and Assistant Directors. It is organized into 10 Zonal offices and 11 sub-zonal offices across India.

The functions of ED are diverse and encompass gathering intelligence from various sources, examining potential violations of FEMA 1999, and addressing issues related to the old FERA, 1973, and FEMA, 1999. The Directorate is also responsible for adjudication processes and legal actions, including preventive detention under COFEPOSA. Furthermore, it conducts investigations and collaborates with international partners to combat money laundering and related financial crimes.

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In essence, the Enforcement Directorate stands as a guardian of financial integrity, ensuring that rules and regulations are upheld and that offenders face appropriate legal consequences.


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