Important Indian regulatory bodies |
1. Reserve Bank of India (RBI) - It is the central bank of India. Regulates all banking and finance activities in the country. |
2. Securities and Exchange Board of India (SEBI) - It is the regulator for the securities market in India. SEBI protects the interests of investors in securities and promotes the development of the securities market through appropriate regulation. |
3. Insurance Regulatory and Development Authority (IRDA) - It is a regulatory agency of Government of India for insurance sector supervision and development |
4. Pension Fund Regulatory and Development Authority (PFRDA) - It acts as a regulator for the pension sector. |
5. The Medical Council of India (MCI) - A statutory body regulating medical colleges, affiliation, new colleges, and doctors registration. |
6. Securities Appellate Tribunal - It is a statutory body established to hear and dispose of appeals against orders passed by the Securities and Exchange Board of India. |
7. The Competition Commission of India - It is a government watchdog, looking into anti-competitive agreements and abuse of dominant position. |
8. The Telecom Regulatory Authority of India (TRAI) - It is the independent regulator of the telecommunications business in India. |
9. Forward Markets Commission - It is the chief regulator of forwards and futures markets in India. |
10. Cyber Appellate Tribunal - It functions like a civil court dealing matters related to the IT Act, 2000. |