Question
With reference to Directorate of Enforcement (ED),
consider the following statements: I. The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. II. The ED works under the control of the Ministry of Home Affairs. III. Prevention of Money Laundering Act, 2002 (PMLA) empowers ED to conduct the investigation. Which of the statements given above is/are correct?Solution
Foreign Exchange Management Act, 1999 (FEMA) - A Civil Law, with officers empowered to conduct investigations into suspected contraventions of the Foreign Exchange Laws and Regulations, adjudicate contraventions, and impose penalties on those adjudged to have contravened the law. It is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance, Government of India. Prevention of Money Laundering Act, 2002 (PMLA) - A Criminal Law, with the officers empowered to conduct investigations to trace assets derived out of the proceeds of crime, to provisionally attach/ confiscate the same, and to arrest and prosecute the offenders found to be involved in Money Laundering.
In July 2024, which state followed Kerala in launching its own Over-the-top (OTT) platform to promote local content and engage the youth?
The UK has announced its decision to rejoin which EU's flagship scientific research scheme?
Where will WHO and the Ministry of AYUSH organize the Global Summit on Traditional Medicine for the first time?
Consider the following statements about AUKUS Initiative:
1. It is a strategic partnership among Australia, the United Kingdom (UK), and the Un...
__________ country discovered the Rare Ghost Shark Species that live in deep of the Pacific ocean.Â
If the court finds that a person is holding office but is not legally entitled to hold that office, the judiciary restricts that person from a acting as...
Consider the following statements about LCH Prachand:
1. It is Indiaâs first indigenous multi-role combat helicopter.
2. It is equipped ...
Recently Scientists of the Zoological Survey of India discovered a new species of _____ in the Western Ghat hills part of Kerala
In which book of Kalidas has the Himalayas been described as âAushadhi Prasthaâ?
What is the premium amount for the âSnehamitramâ life insurance scheme for dairy farmers in Kerala?
Relevant for Exams:
