Tuesday, September 3, 2013

Stock Market Hierarchy


Stock Market Of India

Top Governing body who keeps the eye on stock market is Department of Government of India known as
Ministry of corporate affairs
then RBI (Reserve Bank Of India) watches Over it. 
Role of SEBI(security exchange Board Of India) is also important, it makes trading fair and secure from many frauds and cheats.
NSE/BSE(National Stock Exchange/Bombay Stock Exchange) 


The Ministry is primarily concerned with administration of the Companies Act, 1956, 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 which will eventually replace the Monopolies and Restrictive Trade Practices Act, 1969 under which the Monopolies and Restrictive Trade Practices Commission(MRTPC) is functioning. 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 and Works Accountants of India (ICWAI) which are constituted under three separate Acts of the Parliament for proper and orderly growth of the professions concerned. The Ministry also has the responsibility of carrying out the functions of the Central Government relating to administration of Partnership Act, 1932, the Companies (Donations to National Funds) Act, 1951 and Societies Registration Act, 1980. 

 
Affiliated Offices:


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Annual Reports on Working & Administration of Companies Act, 1956   click here.
  





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IMPOPRTANT LINKS 






MCA GUIDELINES
  1. Name Availability Guidelines 
  2. voluntary Guidelines