What Is The Full Form Of ED and ED full details

Full form of ED

full form of ED is Enforcement Directorate

The full form of ED is Enforcement Directorate or Directorate General of Economic Enforcement.  ED is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance, Government of India,

What is ED?

The ‘Directorate of Enforcement’, which is known as the Enforcement Directorate  is a specialized financial investigation agency working under the Department of Revenue, Ministry of Finance, Government of India.
Enforcement Directorate (ED) is a law enforcement agency and economic intelligence agency in India to enforce economic laws and fight economic matters. It is headed by the Director of Enforcement. It is made up of officers from the Indian Revenue Service, the Indian Corporate Law Service, the Indian Police Service and the Indian Administrative Service.

Full details on Enforcement Directorate (ED)

ED enforces economic law and fights economic crime in India. It resolves issues by adjudication and both acts have provisions for appeal and trails and has its own courts for appellate tribunals.

History of Enforcement Directorate (ED)

Directorate of Enforcement was established on May 01, 1956, when an ‘Enforcement Unit‘ was constituted under the control of Department of Economic Affairs to prevent violation of exchange control laws under the Foreign Exchange Regulation Act, 1947 (FERA, 1947).

In the year 1957, this unit was renamed as ‘Enforcement Directorate’ and another branch was opened in Madras.
ED is a law enforcement agency, established in 1956 . It is responsible for enforcement of the Foreign Exchange Management Act, 1999 (FEMA) and certain provisions under the Prevention of Money Laundering Act (PMLA), 2002. Its headquarter is in New Delhi, India.

Enforcement Directorate (ED) Rights

ED (Enforcement Directorate) used to work under the Foreign Exchange Regulation Act, 1973. This act was known as FERA. FEMA was implemented on 1st June 2000. After some time all the matters related to FEMA were also brought under the jurisdiction of ED. At present, ED takes action under FERA 1973 and FEMA 1999.

Role of ED (Enforcement Directorate)

ED (Enforcement Directorate) has a very important role in reducing corruption in India. This special agency discharges its duties properly, so that by conducting fair investigation against the culprits involved in serious cases related to money laundering and black money with finance, they are punished according to the law.

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How to work Enforcement Directorate (ED)

Main objectives of Enforcement Directorate (ED)

  • ED receives information related to violations of FEMA, 1999 from Central and State Information Agencies, complaints etc.
  • It investigates and decides on “Hawala” foreign exchange racketeering, non-completion of export procedures, non-repatriation of foreign exchange and violations under FEMA, 1999.
  • Judicial decision recovers the penalty under the proceedings, for this he follows the process of auction etc.
  • ED manages cases of justice prosecution, appellate adjudication under erstwhile FERA, 1973.
  • The Enforcement Directorate makes recommendations and takes action under the Protection of Foreign
  • Exchange and Prevention of Smuggling Act (COFEPOSA).
  • It carries out survey, investigation, seizure, arrest, prosecution against the perpetrator of PMLA crime.
  • The ED seeks and grants mutual legal assistance to or from a Contracting State in relation to the confiscation, attachment, as well as the transfer of the offender under the PMLA.

Functions of the Enforcement Directorate

  • Investigating suspected violations of the provisions of FEMA, such as hawala transactions, export proceeds, non-realization of export proceeds, foreign exchange violations and other violations under FEMA.
  • Collection , development and dissemination of intelligence relating to violations of FEMA, 1999 .
  • Attachment of property of defaulters of FEMA means prohibition of transfer, conversion, disposition or movement of property by an order issued under Chapter III of the Money Laundering Act (Section 2(1)(d)).
  • Carry out actions such as search, arrest, prosecution action and survey against the perpetrator of PMLA crime
    Settlement of cases of contravention of erstwhile FERA, 1973 and FEMA, 1999 and decide penalties
  • Arresting a person involved in an act of money laundering and prosecuting a person involved in an act of money laundering

How to become Enforcement Directorate (ED) Officer

  • As a first step, the candidate has to procure the “Application Form” along with the required information from the employment newspaper published generally in the month of April .
  • Submit the filled application form to the mentioned regional centers.
  • In the month of May or June, candidates have to take the “Preliminary Examination” consisting of two papers
  • This exam is just a qualifying test for the final exam and the marks obtained in this test are not added to make up the final result.
  • The candidates who are declared qualified in the “Preliminary Examination” have to appear in the Final Examination.
  • The final exam consists of two parts. Part A will be of written test and second part B will be of personality test
  • Once you clear the preliminary exam and main exam then you are called for interview .
  • In the interview candidates are asked to test their personality and mental ability.
  • Then the final list of successful candidates is prepared.

Eligibility to become ED officer

  • Educational qualification: Degree from recognized university or equivalent
  • Age: The age of the candidate should not be less than 18 years and not more than 27 years as on 1st July of the examination year.
  • age relaxation: Upper age limit will be relaxed by 3 years for OBC candidates and 5 years for SC/ST candidates Upper age limit also relaxed in favor of certain categories of employees working under Government of India and Defense service personnel Is

Career Path of ED officer

  • Enforcement Officer ( Group B Gazetted post in 4-6 years )
  • Assistant Director of Enforcement Directorate
  • Deputy Director of Enforcement Directorate
  • Joint director
  • additional director
  • Special Director in Enforcement Directorate

Enforcement Directorate (ED) Officer Job Description

Assistant Enforcement Officer, as the name suggests is a post in Enforcement Directorate which is known as ED. The Enforcement Directorate mainly carries out two major functions to fight economic crimes in India.

Foreign Exchange Management Act, 1999 (FEMA) and Prevention of
Money Laundering Act, 2002 (PMLA)

  • The Enforcement Directorate controls and investigates money laundering activities in India.
  • As an Assistant Enforcement Officer, you will join as a Group B officer.
  • Your work profile will depend on the role you specify
  • If you are posted in the office, you will do other clerical tasks such as general filing and reporting .
  • If you are posted in the field, you will work towards preventing economic crimes.
  • This goes for a raid somewhere when you will join the raid company.
  • You may also need to gather intelligence about money laundering or other crimes of a financial nature .
  • Most of the Enforcement Directorate offices are located in big cities, so if you are interested in a big city job, you should consider Assistant Enforcement Officer as one of your options.

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