Question

What is the primary source of authority for statutory bodies?

• A. Constitution
• B. Executive order
• C. Legislative enactment
• D. Supreme Court verdict

Answer 1

Answer:

C. Legislative enactment

Statutory bodies

• The primary source of authority for statutory bodies is a legislative enactment.
• Statutory bodies are established through the enactment of specific laws or statutes by the relevant state legislatures or the Parliament.
• These laws define the scope, powers, functions, and responsibilities of the statutory bodies.
• The statutes provide the legal framework within which these bodies operate, outlining their roles, organizational structure, and other essential aspects.

Examples for Statutory bodies

• Securities and Exchange Board of India (SEBI):
  • SEBI is a statutory regulatory body established by the Government of India through the Securities and Exchange Board of India Act, 1992.
  • Its primary objective is to protect the interests of investors in securities and promote the development and regulation of the securities market.
• Medical Council of India (MCI):
  • The MCI was a statutory body that governed the medical education and practice in India.
  • The Medical Council of India was first established in 1934 under the Indian Medical Council Act, 1933.
  • Although it was replaced by National Medical Commission in 25 September 2020.