Enforcement Directorate

Enforcement Directorate ‡Pertains to the establishment of Directorate of Enforcement and the powers to investigate the violation of any provisions of Act, rule, regulation, notifications, directions or order issued in exercise of the powers under this Act. The Director have been empowered to take up investigations. Enforcement Directorate ‡ The Directorate of Enforcement is mainly concerned with the enforcement of the provisions of the FEMA to prevent leakage of foreign exchange which generally occurs through the following malpractices. 2.Remittances of Indians abroad otherwise than through normal banking channels, i.e. through compensatory payments. 3.Acquisition of foreign currency illegally by person in India. 4.Unauthorized maintenance of accounts in foreign countries. 5.Illegal acquisition of foreign exchange through Hawala. 6.Secreting of commission abroad. Organizational Set-Up *The Enforcement directorate, with its HQs at New Delhi has seven zonal offices at Bombay, Calcutta, Delhi, Jalandhar, Madras, Ahmedabad and Bangalore. The zonal offices are headed by the Dy. Directors * The Directorate has 9 sub zonal offices at Agra,Srinagar, Jaipur, Varanasi, Trivendrum, Calicut, Hyderabad, Guwahati and Goa, which are headed by the Asstt. Directors.

FEMA 1999 ENFORCEMENT DIRECTORATE Established by Central Govt to investigate due adherence to the provisions of the Act by market participants. Concerned with enforcement of the provisions of the Act to prevent leakage of foreign exchange occurring through various malpractices. Directorate of Enforcement is responsible for detection of cases relating to violation and performance of adjudicatory functions to curb malpractices

FUNCTIONS To collect and develop intelligence relating to violation of provisions of FEMA. To conduct searches of suspected persons, conveyances and premises for seizing incriminating materials. To enquire into and investigate suspected violations or provisions of FEMA. To adjudicate cases of