Which of the following statements is/are correct about Directorate of Enforcement?

It is a specialized financial investigation agency under the Department of Revenue.

It enforces Foreign Exchange Management Act,1999 (FEMA) and Foreign Exchange Regulation Act, 1973.

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Question

Directorate of Enforcement is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance.
In 1956, an ‘Enforcement Unit’ was formed, in the Department of Economic Affairs, for handling Exchange Control Laws violations under. In 1957, this Unit was renamed as ‘Enforcement Directorate’.
ED enforces: Foreign Exchange Management Act,1999 (FEMA), Prevention of Money Laundering Act, 2002 (PMLA).
Parliament of India enacted the Foreign Exchange Management Act (FEMA) on 29 December 1999 replacing FERA (Foreign Exchange Regulation Act).

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Directorate of Enforcement is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance.
In 1956, an ‘Enforcement Unit’ was formed, in the Department of Economic Affairs, for handling Exchange Control Laws violations under. In 1957, this Unit was renamed as ‘Enforcement Directorate’.
ED enforces: Foreign Exchange Management Act,1999 (FEMA), Prevention of Money Laundering Act, 2002 (PMLA).
Parliament of India enacted the Foreign Exchange Management Act (FEMA) on 29 December 1999 replacing FERA (Foreign Exchange Regulation Act).

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