Examples of statutory bodies include the Reserve Bank of India, which regulates the country's monetary policy, and the Securities and Exchange Board of India (SEBI), which oversees the securities market. Other examples are the Central Pollution Control Board (CPCB), responsible for environmental regulation, and the National Human Rights Commission (NHRC), which protects human rights. These organizations are established by law and have specific powers and responsibilities defined by legislation.
Statutory Body
A statutory body is a company or organization created by law, or statute, in order to regulate or carry out a public function. Examples of statutory bodies include the Airport Authority of India, the Food Corporation of India and the National Highway Authority of India.
RBI is a statutory body formed under the Reserve Bank of India Act 1934 and not a constitutional body.
A statutory body deals with written law; non-statutory deals with implied law.
No.. finance comission is a constitutional body and not a statutory body. A statutory body is formed by an act of parliament and can be removed by majority voting while for a constitutional body, it is mentioned in the constitution of india and can't be removed by majority voting.
A statutory body deals with enforcing legislation for a country or state. An autonomous body is a company that regulates its own company law.
A statutory organisation is one that has to exist - by law. Examples would be the police services, county and town councils.
1986
Criminal Law
LIC,Max new york life insurance
Statutory law
no