Top 6 Indian Regulatory Bodies

1. RBI (Reserve Bank of India)


RBI (Reserve Bank Of India) is the Central Bank of India. Reserve Bank Of India was established on 1 April 1935 by the RBI Act 1934.

Functions of Reserve Bank

  • Issue of Notes
  • Banker to the Government
  • Banker’s Bank
  • Controller of Credit
  • Custodian of Foreign Reserves

2. AMFI (Association of Mutual Funds in India)


The Association of Mutual Funds in India (AMFI) is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in all areas with a view to protecting and promoting the interests of mutual funds and their unit holders.

AMFI, the association of all the Asset Management Companies of SEBI registered mutual funds in India, was incorporated on August 22, 1995, as a non-profit organisation. As of now, 43 Asset Management Companies that are registered with SEBI, are its members.

3. SEBI (Securities and Exchange Board of India)

sebi regulatory bodies in financial system

SEBI (Securities and Exchange Board of India) is a permitted body started to fulfil the responsibility of regulating the Indian Capital markets. It observes and manage the securities market and to protect the interest of the investors by applying rules and regulations and provide the guidelines to follow it.

Securities and Exchange Board of India was founded on April 12, 1992. It’s headquartered is in Bandra Kurla Complex in Mumbai. The main aim of the government was to ensure that the money which has been invested by the public should be in safe condition. The basic reason for setting up SEBI was to make the development of the markets.

Functions of SEBI

  • SEBI is set up for safeguard the interest of investors in the securities market.
  • Promotes the development of the security market and regulates the business.
  • It is to be ensured that the investors should be fully knowledgeable on the intermediaries of the security market.
  • Securities and Exchange Board of India ensures the responsibility for safeguarding the interest of the investors and also to save the investors from becoming victims of any stock market fraud or manipulation.
  • It acts as a mediator in the stock market to check whether all the market transactions take place securely and smoothly.
  • It observes every activity of all the financial intermediaries.
  • Securities and Exchanges Board of India checks the activity for different innovation to protect the securities market is efficient.
  • It prevents inner trades in marketable securities.

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4. MCA (Ministry of Corporate Affairs)

MCA ministry corporation of india

The Ministry is primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008 & other allied Acts and rules & regulations framed there-under mainly for regulating the functioning of the corporate sector in accordance with law.

The Ministry is also responsible for administering the Competition Act, 2002 to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers through the commission set up under the Act.

Besides, it exercises supervision over the three professional bodies, namely, Institute of Chartered Accountants of India(ICAI), Institute of Company Secretaries of India(ICSI) and the Institute of Cost Accountants of India (ICAI) which are constituted under three separate Acts of the Parliament for proper and orderly growth of the professions concerned.