 bill no lxvii of  2012 the regulatory authorities (accountability) bill, 2012 a billto make all the regulatory and subordinate authorities, under different central legislationsaccountable to the parliament and for all matters connected therewith and incidental theretobe it enacted by parliament in the sixty-third year of the republic of india as follows:—1 (1) this act may be called the regulatory authorities (accountability) act, 2012 (2) it shall extend to the whole of indiashort title, extent and commencement(3) it shall come into force on such date, as the central government may, by notification in the official gazette, appoint5definitions2  in this act, unless the context otherwise requires:—(a) "central act" means any legislation passed by the houses of parliament forenforcement in whole or any part of the country;10(b) "impact assessment study" means an audit or monitoring and evaluationstudy regarding the functioning of regulatory or subordinate authorities by the ministry under which the regulatory or subordinate authority functions;(c) "regulatory or subordinate authority" includes any council, board or any body by whatever name called constituted under a central act;(d) "report" means the annual report that explains the functions, activities, and decisions taken by a regulatory or subordinate authority; and5(e) "subordinate legislation" means any rule or regulation or scheme made by the regulatory or subordinate authorities for the implementation of the central act 3 (1) all regulatory or subordinate authorities, which are not submitting reports to the houses of parliament shall, hereafter, submit half yearly report to the houses of parliamentduties of regulatory or subordinate authorities10(2) it shall be compulsory for each regulatory or subordinate authority to frame rules, regulations, bye laws etc within thirty days from the date of enactment of a central act:provided that if any central act is pending for consideration in any court of law, the authorities shall proceed to make rules regulations, bye law etc on such act after the pronouncement of the judgement15(3) the rules, regulation, bye laws etc so made, shall be laid before the houses of parliament for scrutiny as soon as possible after these have been framedmonitoring and evaluation study4 (1) there shall be a monitoring and evaluation study by a study team (hereinafter referred to as study) of all regulatory or subordinate authorities under the concerned ministry and the concerned ministry shall submit a report of the study to the houses of the parliament, every year20(2)the study team shall comprise the following members,—(a) one secretary from the concerned ministry or department; (b) two persons associated with the ministry and selected by the minister; and (c) one member of parliament from rajya sabha and the other from lok sabha nominated by the chairman and speaker respectively25uploading of reports on website5 the central government shall ensure that each ministry of the central government,in its website upload the reports of various regulatory or subordinate authorities under its jurisdiction alongwith the study report6 all regulatory or subordinate authorities constituted under a central act shall have in its composition one member from the rajya sabha and two members from the lok sabha as nominated by the chairman or the speaker of the respective housemember of parliament to be a part of the authority30 statement  of  objects  and  reasonsthe country has a number of independent regulatory bodies or subordinate authorities, which are constituted under various acts, for each sector regulatory authorities are vested with the powers, inter alia of creating rules for the implementation of laws and imposing penalties for non adherence to laws however, there has been no measure initiated to ensure the accountability of these regulatory authorities many regulatory bodies that act independently are not mandated by any law to submit their reports to the parliamentwhile the subordinate authorities are required to submit the rules that are made by them to the parliament, and are subject to scrutiny by the committee on subordinate legislations, there are no mechanisms to ensure the transparency in the working of these authorities it is necessary to make the subordinate authorities democratically accountable and ensure that the work carried out and the decisions made by them are in line with the best interest of the people they are required to serve besides it is also felt that a monitoring and evaluation study of such regulatory and subordinate authority should also be donethe bill, hence seeks to establish a system to make the regulatory or subordinate authorities accountable and answerable to the parliament the bill requires every regulatory authority in the country to table their annual report of functions and the rules made by them for the implementation of particular legislations to the houses of parliament, for scrutinyhence this billvivek  gupta financial  memorandumclause 4 of the bill provides for conducting an impact assessment study on the regulatory authorities annually the cost of conducting the study shall be borne by the respective ministry an amount for this study has to be set aside in the annual budget of the ministry the implementation of the bill will not incur any cost to the central government rajya  sabha————— a billto make all the regulatory and subordinate authorities, under different central legislationsaccountable to the parliament and for all matters connected therewith and incidental thereto—————(shri vivek gupta, mp)gmgipmrnd—3961rs(s3)—07-12-2012