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ARTICLE · 22 MARCH 2019

Powers Of Enforcement Directorate (ED) Under Foreign Exchange Management Act, 1999 (FEMA)

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Directorate of Enforcement is a multi-disciplinary organization mandated with the task of enforcing the provisions of two special fiscal laws – Foreign Exchange Management Act, 1999 and Prevention of Money Laundering Act, 2002.

IndiaFinance and Banking
Vijay Pal Dalmia
Vijay Pal Dalmia
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Vijay Pal Dalmia, Advocate
Supreme Court of India & High court of Delhi
Mobile: +91 9810081079
Email: [email protected]
And
Ms. Maryam Quadri
LL.B. 3rd Year (3 Year Course), Faculty of Law, Delhi University, India
[email protected]

Directorate of Enforcement (ED) is a multi-disciplinary organization mandated with the task of enforcing the provisions of two special fiscal laws – Foreign Exchange Management Act, 1999 (FEMA) and Prevention of Money Laundering Act, 2002 (PMLA). The main functions of ED under the respective laws are:-

  1. Investigate contraventions of the provisions of FEMA which came into force with effect from 1.6.2000. Contraventions of FEMA are dealt with by way of adjudication by designated authorities of ED and penalties up to three times the sum involved can be imposed.

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