Directorate General of Economic Enforcement
Encyclopedia
The Directorate General of Economic Enforcement (Hindi
: प्रवर्तन निदेशालय) is a law enforcement agency
and economic intelligence agency
responsible for enforcing economic laws and fighting economic crime in India
. It is part of the Department of Revenue, Ministry of Finance
. It comprises officers of the Indian Revenue Service
. It was established on the 1st day of June, 2000 by the Central Govt. of India to investigate provisions of the Foreign Exchange Management Act, 1999
.
and the Prevention of Money Laundering Act 2002
The ED's (Enforcement Directorate)official website enlists its other objectives which are primarily linked to checking money laundering in India.
and has ten zones at Mumbai, Kolkata, Delhi, Chandigarh, Chennai, Ahmedabad , Bangalore, Lucknow, Cochin and Hyderabad. Each of these zones are headed by the Deputy Directors.
Besides, there are nine sub-zones at Indore, Agra, Srinagar, Jaipur, Varanasi, Trivandrum, Calicut, Hyderabad, Guwahati Pajjim which are headed by the Assistant Directors.
The Special Unit at Madurai is headed by The Chief Enforcement Office New Delhi.
Moreover, there are three Special Directors of Enforcement and one Additional Director of Enforcement and two Deputy Director at Head Office.
Hindi
Standard Hindi, or more precisely Modern Standard Hindi, also known as Manak Hindi , High Hindi, Nagari Hindi, and Literary Hindi, is a standardized and sanskritized register of the Hindustani language derived from the Khariboli dialect of Delhi...
: प्रवर्तन निदेशालय) is a law enforcement agency
Law enforcement in India
Law enforcement in India by numerous law enforcement agencies. Like many federal structures, the nature of the Constitution of India mandates law and order as a subject of the state, therefore the bulk of the policing lies with the respective states and territories of India.At the federal level,...
and economic intelligence agency
Economic warfare
Economic warfare is the term for economic policies followed as a part of military operations during wartime.The purpose of economic warfare is to capture critical economic resources so that the military can operate at full efficiency and/or deprive the enemy forces of those resources so that they...
responsible for enforcing economic laws and fighting economic crime in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. It is part of the Department of Revenue, Ministry of Finance
Ministry of Finance (India)
The Ministry of Finance is an important ministry within the Government of India. It concerns itself with taxation, financial legislation, financial institutions, capital markets, center and state finances, and the Union Budget....
. It comprises officers of the Indian Revenue Service
Indian Revenue Service
The Indian Revenue Service , abbreviated as IRS, is the revenue service of the Government of India. It is a Central Civil Service...
. It was established on the 1st day of June, 2000 by the Central Govt. of India to investigate provisions of the Foreign Exchange Management Act, 1999
Foreign Exchange Management Act
The Foreign Exchange Management Act was an act passed in the winter session of Parliament in 1999 which replaced Foreign Exchange Regulation Act. This act seeks to make offenses related to foreign exchange civil offenses...
.
Objective
The prime objective of the Enforcement Directorate is the enforcement of two key Acts of the Government of India namely, the Foreign Exchange Management Act 1999(FEMA)Foreign Exchange Management Act
The Foreign Exchange Management Act was an act passed in the winter session of Parliament in 1999 which replaced Foreign Exchange Regulation Act. This act seeks to make offenses related to foreign exchange civil offenses...
and the Prevention of Money Laundering Act 2002
Prevention of Money Laundering Act
Prevention of Money Laundering Act is Indian law passed in 2002 to prevent money-laundering and to provide for confiscation of property derived from money-laundering....
The ED's (Enforcement Directorate)official website enlists its other objectives which are primarily linked to checking money laundering in India.
Organizational Set Up
The ED was commissioned with its headquarters at New DelhiNew Delhi
New Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...
and has ten zones at Mumbai, Kolkata, Delhi, Chandigarh, Chennai, Ahmedabad , Bangalore, Lucknow, Cochin and Hyderabad. Each of these zones are headed by the Deputy Directors.
Besides, there are nine sub-zones at Indore, Agra, Srinagar, Jaipur, Varanasi, Trivandrum, Calicut, Hyderabad, Guwahati Pajjim which are headed by the Assistant Directors.
The Special Unit at Madurai is headed by The Chief Enforcement Office New Delhi.
Moreover, there are three Special Directors of Enforcement and one Additional Director of Enforcement and two Deputy Director at Head Office.
External links
- Website of the Enforcement Directorate http://www.directorateofenforcement.gov.in/