REGULATORY BODIES AND

THEIR ROLES
BY- Heman ku. Desai
Adhyayan Behera
Sanjana Agarwal
Sohani Rath
Abinash Sahoo
Roushan ku.
Dibesh padia
Abhinab Kumar
 Regulatory Bodies
A regulatory agency (also regulatory authority, regulatory
body or regulator) is a public authority or government
agency responsible for exercising autonomous authority over some
area of human activity in a regulatory or supervisory capacity.
An independent regulatory agency is a regulatory agency that is
independent from other branches or arms of the government.
Regulatory agencies deal in the areas of administrative law, regulatory
law, secondary legislation, and rulemaking (codifying and enforcing
rules and regulations and imposing supervision or oversight for the
benefit of the public at large). The existence of independent regulatory
agencies is justified shiror rapid implementation of public authority in
certain sectors, and the drawbacks of political interference.
Examples of regulatory agencies are the RBI, SEBI, ICAI, NABARD,
FSSAI, SIDBI.
 The Role of Regulatory Agencies

Regulatory agencies serve two primary functions in government: they

implement laws and they enforce laws. Regulations are the means by
which a regulatory agency implements laws enacted by the legislature.
You can think of regulations as formal rules based upon the laws
enacted by a legislature that govern specific social or economic
activities.
 Regulatory Bodies in India

1. RBI – Reserve Bank of India

Sector: Banking & Finance, Monetary Policy
Head: Governor – Urjit Patel
Headquarters: Mumbai

The RBI plays an important part in the Development Strategy of the Government of India. It
is a member bank of the Asian Clearing Union. The general superintendence and direction of
the RBI is entrusted with the 21-member central board of directors: the governor; four
deputy governors; two finance ministry representatives (usually the Economic Affairs
Secretary and the Financial Services Secretary); ten government-nominated directors to
represent important elements of India's economy; and four directors to represent local
boards headquartered at Mumbai, Kolkata, Chennai and the capital New Delhi. Each of these
local boards consists of five members who represent regional interests, the interests of co-
operative and indigenous banks.
2. SEBI – Securities and Exchange Board of India
Sector: Securities (Stock) & Capital Market
Head: Chairman – Ajay Tyagi
Headquarters: Mumbai
SEBI Act, 1992 : Securities and Exchange Board of
India (SEBI) was first established in the year 1988
as a non-statutory body for regulating the
securities market. It became an autonomous body
in 1992 and more powers were given through an
ordinance. Since then it regulates the market
through its independent powers.
 3. BCCI – Board of Control for Cricket in India
Sector: Cricket
Head: President – C K Khanna
Secretary – Amitabh Chaudhary
Headquarters: Mumbai

The Board of Control for Cricket in India (BCCI) is the national governing

body for cricket in India. The board was formed in December 1928 as a
society, registered under the Tamil Nadu Societies Registration Act. It is a
consortium of state cricket associations and the state associations select
their representatives who in turn elect the BCCI babuji. Domestic cricket
The BCCI organises the following domestic cricket competitions:
BCCI Corporate Trophy
Ranji Trophy
NKP Salve Challenger Trophy
Duleep Trophy
Vijay Hazare Trophy
Deodhar Trophy
Indian Premier League
Syed Mushtaq Ali Trophy
Irani Cup
4. NABARD – National Bank for Agriculture and
Rural Development
Sector: Financing Rural Development
Head: Chairman – Harsh Kumar Bhanwala
Headquarters: Mumbai

National Bank for Agriculture and Rural

Development (NABARD) is an apex development financial
institution in India, headquartered at Mumbai with regional
offices all over India. The Bank has been entrusted with "matters
concerning policy, planning and operations in the field of credit
for agriculture and other economic activities in rural areas in
India". NABARD is active in developing financial inclusion policy
and is a member of the Alliance for Financial Inclusion. The only
DIF(Developmental Financial Institution) status institution in
India.
 5. FSSAI – Food Safety and Standards Authority of India
Sector: Food
Head: Chairman – Ashish Bahuguna
Headquarters: New Delhi

Food Safety and Standards Authority of India (FSSAI) is an

autonomous body established under the Ministry of Health & Family
Welfare, Government of India. The FSSAI has been established under
the Food Safety and Standards Act, 2006 which is a consolidating
statute related to food safety and regulation in India. FSSAI is
responsible for protecting and promoting public health through
the regulation and supervision of food safety
CONCLUSION

 So the purpose of the regulatory bodies is to

protect , promote and maintain the heath
and safety of the public by ensuring proper
standards . Not all professions are regulated ,
individuals practicing a regulated profession
on need to be able to show evidence of
registration with the appropriate regulatory
body.
THANK YOU