First regulatory body set up by the government of india
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Explanation:
It is a statutory body set up in 1953 under the Forward Contracts (Regulation) Act, 1952 This Commission allows commodity trading in 22 exchanges in India, out of which three are national level.
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Petroleum and Natural gas (PNGRB)regulatory body set up the government of India.
Explanation:
- Initially, it was an autonomous body set up through the governors and members are appointed by the state.
- PGRB is responsible for regulating the commercial petrols and other natural oils which are operating in India.
- Although, in independent India the first regulatory body is Forward Commission set up in 1953 which has now been merged with SEBI.
- In india there are many regulatory body which are present.
- This Act provides the interest of consumers related to the petroleum and other natural gases.
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