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?
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.
Consider the following statements:
I. Satyajit Ray Film Festival is organised by the National Museum of Indian cinema,Mumbai.
II. Satyajit...
Which of the following has won the Men's hockey world cup 2023?
The Reserve Bank of India (RBI) has given approval for India and _____ to use their national currencies for bilateral trade settlement in order to reduc...
The government has mobilized a gross amount of Rs 5.77 lakh crore by issuing dated securities in the current financial year up to July 31, 2023. The cen...
Commerce and Industry Minister Piyush Goyal said that the country is on track to achieve the export target set for goods and services in the ongoing fis...
What is the designated brand name for India's premium Cotton in the world cotton trade, representing Whiteness, Brightness, Softness, Purity, Luster, Un...
What is the name of the tribal university approved by the Union Cabinet for Telangana, and who is it named after?
Which country recently joined the International Solar Alliance as its 95th member?
What is the purpose of the successful maiden test trial of ‘ADC-150’ conducted by DRDO and Indian Navy from IL 38SD aircraft off the coast of Goa on...
The Union Cabinet has approved how much rupees for broadband connectivity in villages under the BharatNet project?