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FEMA - Highlights / Catch Notes

Home Highlights September 2021 Year 2021 This

Extension of tenure of Director of Enforcement - Though we have ...

FEMA

September 16, 2021

Extension of tenure of Director of Enforcement - Though we have upheld the power of the Union of India to extend the tenure of Director of Enforcement beyond the period of two years, we should make it clear that extension of tenure granted to officers who have attained the age of superannuation should be done only in rare and exceptional cases. Reasonable period of extension can be granted to facilitate the completion of ongoing investigations only after reasons are recorded by the Committee constituted under Section 25 (a) of the CVC Act. - SC

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