Capital Market and SEBI Regulatipons

Book excerpt: About the book: Capital Market is a part of a greater system known as Financial System. The financial system of a country aims at transferring the surplus money from one sector of the economy to the deficit sector of the same or different economy. Capital Market is an organised market dealing with financial assets which have a long or indefinite maturity period. In general, it consists of those assets which have a maturity period of more than one year. Indian Capital Market is a heterogeneous combination of Primary Market and Secondary Market. With the economic liberalization in 1991, the Indian financial system has undergone radical changes from 1992-93. The main reforms are done in the area of Commercial Banking, Capital Market, Non-Banking Finance Companies (NBFC), Insurance Companies, etc. The liberalization focused on the establishment of easy process of finance dealing, and therefore, to reduce the complicated legal formalities, Securities Exchange Board of India (SEBI) was set-up in 1992, followed by NSDL, NSE, CSDL, etc. This book provides a detailed analysis of the Indian Capital Market. It starts with elaborating the basic concepts of Capital Market and thoroughly discusses the SEBI norms/guidelines covered in around 20 chapters of the book. The unique feature of this book is the incorporation of Case Study section, derived from the actual events of Indian Capital Market in the recent past. The theory part coupled with case study and exercise shall provide the student an exposure to the puzzling world of Finance Market. The book is aimed for undergraduate as well as postgraduate students in commerce and management courses of various Indian Universities. This book provides a comprehensive coverage of the subject in a lucid style making it easy for the students to grasp the subject as well as for the working executives, to understand the day-to-day matters for operating in the Indian Capital Market.