To provide expert knowledge and understanding of securities laws and the regulatory framework concerning capital markets in India.
| 1. | An Overview of Legal and Regulatory Framework |
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| Capital market regulatory framework — Securities Contracts (Regulation) Act, 1956; SEBI Act, 1992; Depositories Act, 1996; authorities governing capital markets; objective, power and functions of SEBI; Securities Appellate Tribunal, appearance before SAT.
Profile of securities market; securities market reforms and regulatory measures to promote investor confidence; growth of money market in India – structure and institutional mechanism. |
| 2. | Capital Market Instruments and Rating |
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| Capital market instruments - equity, debentures, preference shares, sweat equity, non-voting shares ; new instruments of capital market – pure, hybrid and derivatives; money market instruments - treasury bills, commercial bills, commercial paper, participatory notes; rating and grading of instruments; concept, scope and significance; regulatory framework; rating agencies in India, rating methodologies. |
| 3. | Capital Market Intermediaries |
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| Primary market and secondary market intermediaries – role and functions, merchant bankers, stock brokers, registrars to an issue, underwriters, bankers to issue, portfolio managers, debenture- trustees, foreign Institutional investors etc., self regulatory organisations, guidelines on anti money laundering; surveillance; holding of enquiry. |
| 4. | Secondary Market Institutions |
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| Functions and significance of stock exchanges; regulatory framework; operations and trading mechanism of stock exchanges; Settlement of securities, surveillance mechanism at stock exchanges, straight through processing, demutualisation of stock exchanges. |
| 5. | Mutual Funds |
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| Introduction, definitions, types, risks involved, setting up of mutual fund; concept of Trustee and Asset Management Company; regulatory framework. |
| 6. | Venture Capital |
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| Concept of venture capital, regulatory framework, registration, investment conditions and restrictions, foreign venture capital investors, private capital funds. |
| 7. | Collective Investment Schemes |
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| Regulatory framework governing collective investment schemes, restrictions on business activities, submission of information and documents, trustees and their obligations. |
| 8. | Buy–Back of Securities |
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| Objectives of buy-back; available sources for buy–back of securities; conditions to be fulfilled and obligations for buy-back of securities of both listed and unlisted companies; pricing for buy back; modes of buy–back. |
| 9. | Depository System |
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| Overview of depository system in India; Depositories Act; definitions, setting up of depository; role and functions of depository; depository participants; inspection and penalties; internal audit and concurrent audit of depository participants. |
| Title | Author | Publisher |
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| Compliances and Procedures under SEBI Law | Mamta Bhargava | Shreeji Publishers |
| SEBI Manual | Taxmann | |
| Investment Management - Security Analysis and Portfolio Management | V.K.Bhalla | S.Chand |
| Capital Markets in Central and Eastern Europe. | Christian Helmenstein | Eastern Book Company |
| SEBI Annual Report | | SEBI |
| Indian Securities Market – A Review | | NSE Yearly Publication. |
| Financial Derivatives – Risk Management | V.K.Bhalla | S.Chand |
| Capital Market Management | Dr.V.A.Avadhani | Himalaya Publishing House |
| Investment & Securities Markets in India | Dr.V.A.Avadhani | Himalaya Publishing House |
| How mutual funds work | Fred Man; Wiles | Prentice Hall of India |
| Euro Issue | | Taxmann |
