A regulatory body is a government agency or an organization that is to exercise a regulatory function. The regulatory body is to protect the public, by providing and enforcing adequate standards for health and safety in a society. A regulatory body is created on the basis of a legal mandate or legislation. In India, there are different regulating bodies to regulate each and every arm of the government service. Like the RBI regulates the inflation in the market, FSSAI is responsible for the food safety. Here we are bringing you the most important regulating bodies in India.
Regulatory Bodies in India and their Head
Sl. No. |
Regulating Agency |
Regulating Sector |
Establishment Date |
Headquarters |
Chairperson/Head |
1 |
Reserve Bank of India |
Banking & Finance and Monetary Policy |
12875 |
Mumbai |
Shaktikant Das |
2 |
SEBI – Securities and Exchange Board of India |
Securities ( Stock) & Capital Market |
33706 |
Mumbai |
Ajay Tyagi |
3 |
IRDAI- Insurance Regulatory and Development Authority |
Insurance |
1999 |
Hyderabad |
Subhash Chandra Khuntia |
4 |
PFRDA – Pension Fund Regulatory & Development Authority |
Pension |
37856 |
New Delhi |
Supratim Bandyopadhyay |
5 |
NABARD – National Bank for Agriculture and Rural Development |
Financing of rural development |
30144 |
Mumbai |
Govinda Rajulu Chintala |
6 |
SIDBI – Small Industries Development Bank of India |
Financing Micro, Small and Medium-Scale Enterprises |
32965 |
Lucknow |
Siva S Ramann |
7 |
TRAI – Telecom Regulatory Authority of India |
Telecommunication & Tariffs and Cyber-Security |
35481 |
New Delhi |
Dr. PD Vaghela |
8 |
CBFC – Central Board of Film Certification |
Motion picture content rating system |
18643 |
Mumbai |
Prasoon Joshi |
9 |
FSDC – Financial Stability and Development Council |
Financial Sector Development |
2010 |
New Delhi |
The Union Finance Minister of India |
10 |
FSSAI – Food Safety and Standards Authority of India |
Food |
40756 |
New Delhi |
Rita Teaotia |
11 |
BIS – Bureau of Indian Standards |
Standards and Certification |
1986 December 23 |
New Delhi(Manak Bhawan) |
Pramod Kumar Tiwari |
12 |
ASCI – Advertising Standards Council of India |
Advertising |
1987 |
Mumbai |
Subhash Kamath |
13 |
BCCI – Board of Control for Cricket in India |
Cricket |
1928 December |
Mumbai |
Sourav Ganguly |
14 |
AMFI – Association of Mutual Funds |
Stock Exchange |
1995 |
Mumbai |
Nilesh Shah |
15 |
EEPC – Engineering Export Promotional Council of India |
Trade and Investment |
1952 March 02 |
New Delhi |
Ravi Sehgal |
16 |
EICI – Express Industry Council of India |
Trade |
1997 February 26 |
Mumbai |
Subhasish Chakraborty |
17 |
FIEO – Federation of Indian Export Organisation |
Export |
1965 |
New Delhi |
Sharad Kumar Saraf |
18 |
INSA – Indian National Shipowners’ Association |
Shipping |
1929 December 02 |
Mumbai |
————- |
19 |
ICC – India Chemical Council |
Manufacturing |
1938 |
New Delhi |
H. S. Karangle |
20 |
ISSDA – Indian Stainless Steel Development Association |
Growth and Development |
1989 |
Haryana |
————- |
21 |
MAIT – Manufacturers’ Association for Information Technology |
IT |
1982 |
New Delhi |
Nitin Kunkolienker |
22 |
NASSCOM – National Association of Software and Service Companies |
IT |
1988 March 01 |
New Delhi |
Debjani Ghosh |
23 |
OPPI – Organisation Of Plastic Processors of India |
Manufacturing |
1984 |
Mumbai |
Mahendra Sanghvi |
24 |
CDSCO – Central Drugs Standard Control Organisation |
Medical Devices and Drugs |
1940 |
New Delhi |
Dr. V. G. Somani |
25 |
PEPC – Project Exports Promotion Council of India |
Trade |
1984 |
New Delhi |
—————– |
26 |
IBBI – Insolvency and Bankruptcy Board of India |
Finance |
2016 October 01 |
New Delhi |
M. S. Sahoo |
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