SECURITIES LAWS AND CAPITAL MARKETS

Securities contract (Regulation) Act 1956: Objectives of the SCR Act, rules and regulations made there under , important definitions, recognized stock exchange, clearing corporation , public issue and listing of securities, rules relating to public issue and listing of securities under securities contracts (regulation ) rules, 1957

Securities and Exchange Board of India Act, 1992: Objective; Powers and functions of SEBI; Securities Appellate Tribunal; Penalties and appeals

Depositories Act, 1996 : Depository System in India; Role & Functions of Depositories; Depository Participants; Admission of Securities; Dematerialization & Re-materialization; Depository Process; Inspection and Penalties; Internal Audit and Concurrent Audit of Depository Participants.

Securities Market Intermediaries:

Primary Market and Secondary Market Intermediaries: Role and Functions, Merchant Bankers, Stock Brokers, Syndicate Members, Registrars and Transfer Agents, Underwriters, Bankers to an Issue, Portfolio Managers, Debenture Trustees, Investment Advisers, Research Analysts, Market Makers, Credit Rating Agencies; Internal Audit of Intermediaries by Company Secretary in Practice.

An Overview of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. SEBI (issue of capital and disclosure requirements) Regulations, 2009. Rechristened as SEBI (issue of capital and disclosure requirements) Regulations, 2018

An Overview of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mutual Funds: Types of Mutual Funds and Schemes; Key players in Mutual Funds: Sponsor, Asset Management Company, Trustee, Unit holder, Evaluating performance of Mutual funds- Net Asset Value, Expense Ratio, Holding Period Return.

Collective Investment Schemes :Regulatory Framework; Restrictions on Business Activities; Submission of Information and Documents; Trustees and their Obligations.

SEBI (Ombudsman) Regulations, 2003: Procedure for Redressal of Grievances; Implementation of the Award; Display of the particulars of the Ombudsman, SCORES, SEBI (Informal Guidance) Scheme, 2003.

An Overview of SEBI (Issue of Sweat Equity) Regulations, 2002.

An Overview of SEBI (Share Based Employee Benefits) Regulations, 2014.

An Overview of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

 SEBI (Buyback of Securities) Regulations, 1998: Conditions of buy-back; Buy back Methods: Tender Offer, Open Market (Book building and Stock Exchange); General obligations; Penalties

SEBI (Buyback of Securities) Regulations, 1998 rechristened as SEBI (Buyback of Securities) Regulations, 2018.

 SEBI (Prohibition of Insider Trading) Regulations, 2015 :

Unpublished price sensitive information (UPSI); Disclosures;

Codes of fair disclosure and conduct; Penalties and Appeals

Primary Market :a. Capital Market Investment Institutions-Domestic Financial Institutions(DFI), Qualified Institutional Buyers(QIB), Foreign  Portfolio Investors (FPI), Private Equity, Angel Funds, HNIs, Venture Capital, Pension Funds, Alternative Investment Funds.

b. Capital Market Instruments-Equities, Preference Shares, Shares with Differential Voting Rights, Corporate Debt, Non-Convertible Debentures(NCD), Partly, Fully and Optionally Convertible Debentures, Bonds, Foreign Currency Convertible Bonds(FCCB), Foreign Currency Exchangeable Bonds (FCEB) Indian Depository Receipts (IDR),Derivatives, Warrants;

c. Aspects of Primary Market- book building, ASBA, Green Shoe Option.

Secondary Market

Development of Stock market in India; Stock market & its operations, Trading Mechanism, Block and Bulk deals, Grouping, Basis of Sensex, Nifty; Suspension and Penalties; Surveillance Mechanism; Risk management in Secondary market, Impact of various Policies on Stock Markets such as Credit Policy of RBI, Fed Policy, Inflation index, CPI, WPI, etc.

SEBI (Delisting of Equity Shares) Regulations, 2009: Delisting of Equity Shares; Voluntary Delisting; Exit Opportunity; Compulsory Delisting.

Securities Contracts (Regulations) Act 1956 :

Objectives of the SCR Act, Rules and Regulations made there under; Important Definitions; Recognized Stock Exchange, Clearing Corporation; Public issue and listing of securities; Rules relating to Public Issue and Listing of Securities under Securities Contracts (Regulation) Rules, 1957.