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	MutualFund Regulatory Authorities
	Regulatory Authorities	Back

Following are the regulators in India for Financial markets and companies

Name of Regulator	Type Of Regularity
SEBI	Capital market regulator
RBI	Money market regulator
Company law board	Apex authority for companies
Department of company affairs	Issue regulations for the companies
Registrar of companies	Primary legal interface for all companies
Ministry of Finance	Ultimate policy making and supervisory entity
Stock exchanges	Self regulatory organizations
Office of the public trustee	Controlling authority of Trusts
AMFI	Establish standards of Mutual fund industry on different aspects

To protect the interest of the investors, SEBI formulates policies and regulates the mutual funds. It notified regulations in 1993 (fully revised in 1996) and issues guidelines from time to time. MF either promoted by public or by private sector entities including one promoted by foreign entities is governed by these Regulations.

SEBI approved Asset Management Company (AMC) manages the funds by making investments in various types of securities. Custodian, registered with SEBI, holds the securities of various schemes of the fund in its custody.

According to SEBI Regulations, two thirds of the directors of Trustee Company or board of trustees must be independent.

The Association of Mutual Funds in India (AMFI) reassures the investors in units of mutual funds that the mutual funds function within the strict regulatory framework. Its objective is to increase public awareness of the mutual fund industry. AMFI also is engaged in upgrading professional standards and in promoting best industry practices in diverse areas such as valuation, disclosure, transparency etc.



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