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Syllabus for
POST GRADUATE DIPLOMA IN SECURITIES LAWS
PAPER I : Introduction to the concept of Capital Markets & Securities
PAPER II : Securities Laws
PAPER III : International Legal Order with reference to Securities Law
PAPER IV : Training / Field Work
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PAPER I
Introduction to the concept of Capital Markets & Securities
(Total Marks : 100 Marks)
1. Overview of Capital Market
Indian Capital Market
Authorities Governing Capital Markets in India
2. Concept of Securities
Arena of Securities : Equity, Debentures, Preference Shares
Sweat Equity, Non -Voting Shares, Share Warrants
Issue and Listing of Securities
Listing of Securities
Issue of Capital and Disclosure Requirements (ICDR)
Procedure for Issue of Various Types of Shares and Debentures
Employee Stock Option Scheme and Employee Stock Purchase Scheme
Delisting of Securities
3. Securities Market Intermediaries
Primary Market and Secondary Market Intermediaries:
Role and Fu nctions, Merchant Bankers.
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4. Market Infrastructure Institutions - Stock Exchanges
Functions and Significance of Stock Exchanges
Operations and Trading Mechanism of Stock Exchanges
Settlement of Securities, Stock Market Indices, Risk Management, Surveillance
Mechanism at Stock , Exchanges, Straight through Processing
Demutualization of Stock Exchanges
5. Debt Market
Debt Market: Instruments, Listing, Primary and Secondary Segment
6. Money Market
Growth of Money Market in India – Structure and Institutional Mechanism
Money Market Instruments: Treasury Bills, Commercial Bills, Commercial Paper,
Factoring Agreements & Discounting of Bill
7. Mutual Funds
Mutual Fund: Introduction, Definitions, Schemes, Risks Involved, Setting Up of
Mutual Funds, Role in Financial Market
Advantage of Investment in Mutual Fund
Investment Management: Equity & Debt Portfolio, Measuring & Evaluating
Mutual Fund Performance
Investor’s Rights and Obligations
8. Venture Capital
Concept of Venture Capital
Registration, Investment Conditions and Restrictions
Foreign Venture Capital Investors
Private Capital Funds
9. Indian Depository Receipts
Indian Depository Receipts: Procedure for Making Issue of IDRs,
Conditions for Issue of IDRs, Listing of IDRs
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PAPER II
Securit ies Laws
(Total Marks : 100 Marks)
1. Securities Contracts (Regulation) Act, 1956
2. SEBI Act, 1992
Objective, Power and Functions of SEBI
Securities Appellate Tribunal, Appeals, Appearance before SAT
3. Depositories Act, 1996
Definitions, Setting up of Depository, its type, Role and Functions
Depository Participants
Admission of Securities
Difference between Dematerialization & Dematerialization
Depository Process
Inspection and Penalties
4. The Compan ies Act, 2013
Issue of securities and
Responsibility of directors & corporate governance .
5. SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, -
Acquisition of Shares and Takeovers Code
6. SEBI (Prohibition of Insider Trading) Regulations, 2015
7. FEMA R egulations
8. Mutual Funds Regulation s in India.
9. Regulatory Framework relating to Securities Market Intermediaries
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PAPER III
International Legal Order With R eference to Securities Law
(Total Marks : 100 Marks)
1. Securit ies Laws of major countries - UK, US & CHINA
2. International Capital Market: Nature & Concept
3. Comparative study of the insider tr ading regulations in the UK, US, China & India.
4. Liabilities for Securities Laws Violations - an analysis of legal remedies, and the consequences
of non -compliance under UK ,US, China & Indian .
5. Acquisition of Shares and Takeov ers codes - UK, US, CHINA and India.
6. International Stock Market Crisis: UK, US, CHINA and India.
7. Global Depository Receipts: Regulatory Mechanism.
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PAPER IV
Practical Training / Field Work
(Total Marks : 100 Marks)
The project report submitted by the student will be evaluated jointly by the
internal and external examiners during the practical examination. The
distribution of marks will be as follows :
a) Dissertation - 40 marks
b) Report of field work & Presentation - 40 marks
c) Viva -voice - 10 marks
d) Attendance - 10 marks
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RECOMMENDED BOOKS / REFERENCES :
1. E. Gordon & : Capital Market in India; Himalaya Publishing House, Ramdoot, K.
Natarajan, Dr. Bhalerao Marg, Girgaon, Mumbai - 400004.
2. Sanjeev Aggarwal : Guide to Indian Capital Market; Bharat Law House, 22, Tarun
Enclave, Pitampura, New Delhi – 110 034.
3. V.L. Iyer : SEBI Practice Manual; Taxman Allied Service (P) Ltd., 59/32, New Rohtak
Road, New Delhi -110005.
4. M.Y. Khan : Indian Financial Systems; Tata McGraw Hill, 4/12, Asaf Ali Road, New
Delhi – 110 002.
5. S. Suryanarayanan & : SEBI – Law, Practice & Procedure; Commercial Law Publishers
(India) V. Varadarajan Pvt. Ltd., 151, Rajindra Market, Opp. Tis Hazari Court, Delhi -
110054
6. Mamta Bhargava : Compliances and Procedures under SEBI Law; Shreeji Publishers, 8/
294, Sunder Vihar, New Delhi – 110 087
7. Taxmann : SEBI Manual
8. Asim Kumar Mishra : Venture Capital Financing in India; Shipra Publications, 115A,
Vikas Marg, Shakarpur, Delhi -110092.
9. Shashi K Gupta : Financial Institutions and Markets ; Kalyani Publishers, 4863/2B,
Bharat Nishja Aggarwa l Ram Road, 24, Daryaganj, New Delhi -110002 Neeti Gupta
10. Vishal Saraogi : Capital Markets and Securities Laws simplified, Law point Publication,
6C, R.N. Mukherjee Road, Kolkata -700001
11. Taxman’s Companies Act with Rules & Forms (Vol. I & II )
12. Avatar Singh : Companies Law (textbook)
13. Majumdar : Companies Law
14. SEBI Manual (VOL. I & II)
15. FEMA Manual (VOL. I & II)
16. Ramaiyya Guide to Companies Act
17. Sangeet Kedia : Corporate & Securities Law
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18. SEBI Annual Report : SEBI, Mumbai.
19. Indian Securities : NSE Yearly Publication Market - A Review
20 . SEBI and Corporate : Taxman , 59/32, New Rohtak Road, New Delhi -110 005.
21. Corporate Law Adviser : Corporate Law Adviser, Post Bag No. 3, Vasant Vihar,
New Delhi -110052.
22. SEBI Monthly Bulletin : SEBI, Mumbai.
23. NSE News : National Stock Exchange of India Ltd., Mahindra Towers, Worli,
Mumbai - 400018.
24. Websites :
www.sebi.gov.in
www.nseindia.com
www.bseindia.com
www.rbi.org.in
www.mca.gov.in
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