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Updated on 11th July, 2024 , 9 min read
ED Full form is Enforcement Directorate. ED is part of the Department of Revenue, Ministry of Finance, Government of India, and its primary mission is to combat economic crimes and enforce economic laws in India. The Directorate of Enforcement is made up of officials from India's most prestigious services, including the Indian Administrative Service, the Indian Police Service, and the Indian Revenue Service. This article aims to provide a comprehensive understanding of the ED full form and its various dimensions.
Particulars | Highlights |
Abbreviation | ED |
Formed | 1 May 1956 |
Legal personality | Government agency |
Federal agency | India |
Operations jurisdiction | |
Governing body | Government of India |
Constituting instruments | Foreign Exchange Management Act, 1999 |
General nature | Federal law enforcement |
Headquarters | New Delhi, India |
Minister responsible | Minister of Finance |
Agency executive | Rahul Navin, IRS, Director |
Parent agency | Department of Revenue, Ministry of Finance |
Website | enforcementdirectorate.gov.in |
The full form of ED is Enforcement Directorate. ED is an economic intelligence group that enforces economic laws and defends the country against financial crimes. The Department of Revenue, Ministry of Finance, and Indian Government are in charge of ED.
ED was founded in 1956. The headquarters are located in New Delhi. The ED also has various regional offices in Kolkata, Mumbai, Chandigarh, and Hyderabad, among other places. It also has sub zonal offices in some cities. It consists of officials from the Indian Revenue Service, the Indian Police Service, the Indian Corporate Law Service, and the Indian Administrative Service.
The Foreign Currency Regulation Act of 1947, abbreviated as FERA 1947, was enacted to prevent violations of exchange control laws. It granted approval for the establishment of an "Enforcement Unit" under the Department of Economic Affairs, beginning on May 1, 1956.
Subsequently, in 1957, this entity underwent a name alteration, becoming the Enforcement Directorate. Additionally, a second branch was inaugurated in Madras, Tamil Nadu, during the same year.
The Enforcement Directorate is responsible for carrying out the provisions of the Foreign Exchange Management Act, 1999 (FEMA), the Prevention of Money Laundering Act, 2002 (PMLA), the Fugitive Economic Offenders Act, 2018 (FEOA) and the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA). The Enforcement Directorate (ED) has several crucial functions related to enforcing economic laws and combating financial crimes. Here are the primary functions of the ED:
Here is a hierarchical chart representing the hierarchy in the Enforcement Directorate (ED):
Director (Highest)
|
Special Director
|
Joint Director
|
Deputy Director
|
Assistant Director
|
Enforcement Officer
|
Assistant Enforcement Officer (AEO) (Entry Level)
|
Deputation Officers
In this hierarchy, individuals start as Assistant Enforcement Officers (AEOs) and can gradually progress through the ranks by gaining experience and expertise. At the top of the hierarchy is the Director, who holds the highest position within the Enforcement Directorate. Additionally, there are officers hired on a deputation basis, who serve temporarily for a specified period ranging from 2 to 5 years.
The Enforcement Directorate operates through a network of offices spread across India, each responsible for specific organizational functions. This structure includes:
Zonal Offices | Sub-Zonal Offices |
Pune | Mangaluru |
Bengaluru | Bhubaneshwar |
Chandigarh | Kozhikode |
Chennai | Indore |
Kochi | Madurai |
Delhi | Nagpur |
Panaji | Allahabad |
Guwahati | Raipur |
Mumbai | Dehradun |
Hyderabad | Ranchi |
Jaipur | Surat |
Jalandhar | Shimla |
Kolkata | Vishakhapatnam |
Lucknow | Jammu |
Patna |
|
Srinagar |
|
To gather, develop, and disseminate information regarding violations of the FEMA regulations in 1999, intelligence reports are sourced from various outlets, including state and intelligence departments, as well as complaints.
This involves:
The Enforcement Directorate operates and conducts its operations as follows:
The Enforcement Directorate (ED) has the capacity to tackle financial misconduct within the country.
Investigating and prosecuting high-profile cases of money laundering, foreign currency violations, and economic crimes in India has been made possible in large part by the Enforcement Directorate (ED). Among its noteworthy accomplishments are:
INX Media Case: Alleged financial irregularities and corruption were the subject of an inquiry that was heavily assisted by the ED. A number of well-known people, including former Finance Minister P. Chidambaram, were arrested as a result of the case.
Case of Vijay Mallya: In accordance with the Prevention of Money Laundering Act (PMLA), the ED filed one of its longest charge sheets—roughly 5,300 pages—against Vijay Mallya, Kingfisher Airlines Ltd., and United Breweries (Holding) Ltd. There were claims of fraud and money laundering in this case.
2G Spectrum Case: One of the biggest corruption cases in India, the 2G spectrum allotment fraud was looked into by the ED. Multiple politicians and corporate leaders were prosecuted as a result of the inquiry.
PNB Scam: Over INR 13,000 crore worth of fraudulent transactions were engaged in the Punjab National Bank (PNB) scam, which the Enforcement Directorate (ED) was investigating. Diamond traders Nirav Modi and Mehul Choksi were taken into custody as a result of the case.
Asset Seizure: In accordance with the PMLA, the ED has carried out more than 3,000 raids over the previous eight years, seizing assets valued more than ₹99 crore.
Byju's Case: Think & Learn, the firm that created Byju's educational platform, and its creator, Byju Raveendran, were sent a INR 9,362 crore show-cause notice by the ED on November 21, 2023, for allegedly breaking forex regulations while luring foreign investors.
Strengthening of Laws through Legislative Impact: The Department of Justice's (ED) investigations have resulted in notable legislative modifications, such as the Prevention of Money Laundering Act (PMLA) adjustments and the Fugitive Economic Offenders Act (FEOA) introduction in 2018. The agency's capacity to prevent economic crimes and guarantee adherence to financial standards has been reinforced by these legislation.
1.Head Office : Joint Director (Admin) Directorate of Enforcement
Pravartan Bhawan, APJ Abdul Kalam Road
New Delhi – 110 011
2.Information on contraventions under FEMA/offences under PMLA may be sent to: Joint Director (Intelligence)
Headquarters Office
Directorate of Enforcement
Pravartan Bhawan, APJ Abdul Kalam Road
New Delhi – 110 011
e-mail: ed-del-rev[at]nic[dot]in
Pilot Salary in India 2024: Starting Salary, Requirements, Qualifications, Per Month Salary
By - Nikita Parmar 2024-09-06 10:59:22 , 6 min readED Full Form is Enforcement Directorate.
The Directorate of Enforcement, often known as the Enforcement Directorate (ED), is India's domestic law enforcement and economic intelligence organization in charge of executing economic laws and combating economic crimes. It is under the Department of Revenue, Ministry of Finance, Government of India.
The Directorate of Enforcement was formed in 1956, with its headquarters in New Delhi. It enforces the Foreign Exchange Management Act of 1999 (FEMA) and certain aspects of the Prevention of Money Laundering Act.
The average compensation at Enforcement Directorate ranges from ₹1.6 Lakhs per year for a Computer Operator/Data Entry Operator to ₹10.1 Lakhs per year for a Legal Consultant.
The monthly wage breakdown is 44,900 to Rs. 1,42,400.
Recruitment is generally done through the Staff Selection Commission Combined Graduate Level (SSC CGL) examination. The eligibility requirements include a bachelor's degree from a recognized university and an age range of 21 to 30 years.
The ED is led by a Director, who holds the rank of Additional Secretary to the Government of India. The Director is supported by Special Directors, Additional Directors, Joint Directors, Deputy Directors, Assistant Directors, and Enforcement Officers.