Explanation:

The Convention on Biological Diversity (CBD) is a legally binding multilateral environmental agreement that has 194 contracting Parties (Countries). The Act and the Rules are implemented in
India through a decentralized system.A three tiered structure has been established under the Act at the national, state and local levels. At the local level, the Biodiversity Management Committees (BMCs), at the state level, the State Biodiversity Boards (SBBs) and at the national level, the National Biodiversity Authority (NBA) is established to deal with all matters relating to
implementation of the Act and the Rules.
The National Biodiversity Authority is mandated to regulate use of India's biological resources; facilitates/ enable conservation action and provides advice to Central and State Governments on issues of conservation, sustainable use and access and benefit sharing. There is no overlap in the functions of NBA and SBBs on issues of ABS. All matters relating to requests by foreign
individuals, companies or institutions and all matters relating to transfer of results of research to any foreigner, approvals for intellectual property protection where biological resources and associated knowledge are involved will be dealt with by NBA.
All matters relating to access by Indians for commercial purposes will be under the purview of the concerned State Biodiversity Boards. However, the benefit sharing guidelines are to be issued by the NBA.
There is no requirement under the legislation for seeking permission for carrying out research, if it is carried out in India by Indians, as well as under collaborative research projects that have been drawn within the overall policy guidelines formulated by the Central Government.