NISM Series XV : Research Analyst Certification Exam Notes
Page 59 Of 62
Go to:
The Registrar of Companies (ROC) is the authority appointed under the Companies Act to register companies and to ensure that they comply with the provisions of the law. The Ministry is also responsible for administering the Competition Act 2002 which has replaced the Monopolies and Restrictive Trade Practices Act, 1969 (MRTP). The Ministry also supervises three professional bodies, viz., the Institute of Chartered Accountants of India (ICAI), the Institute of Company Secretaries of India (ICSI) and the Institute of Cost and Works Accountants of India (ICWAI).
The Ministry of Corporate Affairs is also vested with the responsibility of administering the Partnership Act, 1932, the Companies (Donations to National Funds) Act, 1951 and Societies Registration Act, 1980.
Reserve Bank of India is the central bank of the country which has the responsibility of administering the monetary policy. Its key concern is to ensure the adequate growth of money supply in the economy so that economic growth and financial transactions are facilitated, but not so rapidly which may precipitate inflationary trends
Securities and Exchange Board of India is the regulatory authority for the securities market in India. SEBI was established under Section 3 of SEBI Act, 1992 under an act of Parliament
Insurance Regulatory and Development Authority of India (IRDAI) regulates the insurance sector in India in accordance with the terms of the IRDA Act, 1999. IRDAI is the licensing authority for insurance companies and defines the capital and networth requirements for insurance companies. IRDAI's mission is to regulate, promote and ensure orderly growth of the insurance sector, including the re-insurance business, while ensuring protection of the interest of insurance policyholders.
MODELEXAM® 
www.realsoftinfoplan.com