PROFESSIONAL PROGRAMME

Level of Knowledge: Expert Knowledge
Objective: To acquire expert knowledge
of the practical and procedural aspects of the
Companies
Act.
Contents:
1. Company Formation and Conversion
• Choice of Form of Business
Entity; Conversion/ Re-conversion of One Form of
Business Entity into
Another
• Incorporation of Private Companies, Public Companies, Companies Limited
by Guarantee
and
Unlimited Companies and their
Conversions/
Re-
conversion/Re-registration
• Formation of Nidhi Companies, Producer Companies and Mutual
Benefit
Funds
• Commencement
of
Business and
New Business; Pre
Incorporation
Agreements and Contracts
• Formation of
Non Profit Companies
• Procedure
Relating to Foreign
Companies Carrying on
Business in India
2. Procedure for Alteration of Memorandum and
Articles
• Alteration of Various Clauses of Memorandum: Name Clause, Situation of
Registered Office Clause, Objects Clause, Capital Clause and Liability Clause
• Effects
of Alteration of Articles
3. Procedure for Issue of Securities
Part A: Shares
• Public Issue, Rights
Issue
and
Bonus
Shares, Issue of Shares
at Par/Premium/Discount; Issue of
Shares on Preferential /Private
Placement Basis
• Allotment, Calls on Shares and Issue of Certificates
• Issue of Sweat Equity Shares, Employees Stock Option Scheme (ESOPs), Employees Stock Purchase Scheme (ESPS),
Shares with Differential Voting
Rights
• Issue and Redemption of Preference Shares
• Alteration of Share
Capital - Forfeiture of Shares and Reissue of Forfeited
Shares; Increase, Consolidation, Conversion and Re-conversion into Stock,
Subdivision and Cancellation and
Surrender of Shares
• Buy Back of Shares
• Reduction of Share Capital
Part B: Debt Instruments
• Issue of Debentures and Bonds, Creation of Security
and
Debenture
Redemption Reserve, Drafting of
Debenture Trust Deed, Redemption of Debentures,
Conversion of Debentures into Shares
• Deposits
4. Procedure relating to Membership,
Transfer and Transmission
• Induction of
Members, Nomination of Shares, Variation
of Shareholders’ Rights, Cessation of Membership including
Dispute Resolution
• Transfer/Transmission/Transposition
• Admission of Securities in Electronic Mode
• Dematerialization/ Rematerialisation of Securities
• Compliances
relating to Insider Trading and Takeovers
5. Directors and Managerial Personnel
• Obtaining
DIN
• Directors and Managerial
Personnel- Appointment,
Reappointment, Resignation, Removal
and Varying Terms
of
Appointment/Re-appointment
• Payment of Remuneration to Directors and Managerial Personnel and
Disclosures thereof; Compensation for Loss
of Office
• Waiver of Recovery of Remuneration
• Making Loans to Directors, Disclosure of Interest by a Director, Holding of
Office
or Place of Profit
by a Director/Relative
• Company Secretary - Appointment, Resignation and Removal
• Company Secretary in
Practice - Appointment,
Resignation and Removal
6. Meetings
• Collective Decision
Making Forums -
Authority, Accountability, Delegation and Responsibility
• Board Meetings - Convening and Management of Meetings of Board and
Committees; Preparation of Notices and Agenda Papers
• General Meetings
- Convening and Management of Statutory Meeting, Annual and Extra-Ordinary General Meetings, Class Meetings; Creditors’ Meetings; Preparation of Notices and Agenda Papers;
Procedure for Passing of Resolutions by Postal Ballot; Voting through Electronic Means; Conducting a Poll and Adjournment of a Meeting
• Post-Meeting Formalities - Preparation of Minutes and Dissemination of
Information and
Decisions
7. Auditors
• Auditors - Procedure for Appointment/Re-appointment,
Resignation and
Removal of Statutory Auditors
and Branch Auditors; Appointment
of Cost
Auditors
• Special Auditors;
CAG audit
8. Distribution of Profit
• Ascertainment of Distributable Profits and Declaration of Dividend; Payment of Dividend
• Claiming of Unclaimed/Unpaid
Dividend;
Transfer
of
Unpaid/Unclaimed
Dividend to
Investor Education and Protection Fund
9. Procedure relating to Charges
• Creation and
Registration, Modification,
Satisfaction of Charges
• Inspection of
charges
10.
Procedure relating to Inter-Corporate Loans, Investments, Guarantees
and Security
• Making Inter-Corporate
Loans,
Investments, Giving of Guarantee
and
Security
11. Preparation & Presentation
of Reports
• Preparation of Financial Statements, Auditors’ Report,
Directors’ Report and
Report on Corporate
Governance
12. E- Filing
• Filling
and Filing of Returns and Documents
(a) Annual Filing, i.e., Annual Accounts; XBRL Filing, Compliance Certificate, Annual Return
(b) Event Based Filing
13. Striking off Names of Companies
• Law and Procedure
14. Recent Trends and Developments
in Company Law
15. Trusts and
Non Profit Organisation

Level of Knowledge: Expert Knowledge
Objective: To acquire
expert
knowledge
of
drafting,
pleadings
and advocacy techniques.
Contents:
1. General Principles of Drafting and
Relevant Substantive Rules
• Drafting: Concept,
General Principles and relevant
substantive
rules
thereof
• Basic Components of Deeds, Endorsements and Supplemental Deeds, Aids to
Clarity and Accuracy, Legal Requirements and Implications
2. Drafting and Conveyancing relating
to Various Deeds and Agreements
• Conveyancing in
General, Object of Conveyancing
• Drafting of various Agreements including Sale Agreements, Joint Venture
and Foreign Collaboration Agreements, Arbitration; Guarantees, Counter Guarantees; Bank Guarantee, Hypothecation Agreement,
Outsourcing
Agreements, Service Agreements, E-Contracts, Leave and License
• Promissory Note,
Power
of
Attorney- General
and Special, Will, Relinquishment Deed,
Deed of Dissolution of Partnership, Hire-Purchase Agreement, Deed of Family
Settlement and Other Deeds
• Deed of Sale of Land, Building, Mortgage, License, Lease, Assignment, Trust, Gift, Partnership
• Drafting of
Writs, Partnership Deed, Sale Agreements, Collaboration
Agreements, Hypothecation Agreements, E-Contracts
• Shareholder’s Agreement
3. Drafting of Agreements
under the Companies Act
• Pre incorporation Contracts; Memorandum and Articles
of Association and other Agreements
4. Pleadings
• Pleadings in General;
Object of Pleadings; Fundamental
Rules of Pleadings
• Civil: (i) Plaint Structure; Description of Parties (ii) Written Statement (iii)
Interlocutory Application (iv) Original Petition (v) Affidavit (vi) Execution
Petition and (vii) Memorandum of Appeal and Revision (viii) Petition under
Article 226 and 32 of the
Constitution of India (ix)
Special Leave Petition
• Criminal: (i) Complaints (ii)
Criminal
Miscellaneous Petition
(iii)
Bail
Application and (iv) Memorandum of
Appeal and Revision
• Application for Setting Aside Ex-Parte
Decree; Ordinary
Suit of Recovery; Suit under Order XXXVII of Code of Civil
Procedure, 1908
• Suit for Permanent Injunction; Application for Temporary
Injunction; Suit for
Specific Performance; General Principles
of Criminal Proceedings; Application under Section
125 of Code of Criminal
Procedure, 1973; F.I.R under Section
154 of Code of Criminal
Procedure, 1973
5. Appearances
• Appearance before
Tribunals/Quasi Judicial Bodies
such as CLB, SAT, NCLT, CCI,
TRAI and Appellate Authorities
• Drafting of Affidavit in Evidence; Arguments on Preliminary Submissions, Arguments on Merits; Legal Pleadings
and Written Submissions
• Dress
Code, Etiquettes and Court Craft
6. Compounding
of
Offences
• Compounding
of Offences under the Companies Act, SEBI Act, FEMA
• Consent Orders
7. Practical Exercises
• Notice to the Tenant
under section 106 of Transfer of Property
Act
• Notice under
Section 80 of Code of Civil
Procedure, 1908
• Reply to Notice
• General Power of Attorney
• Will
• Agreement to Sale
• Deed of Sale
• Suit for Dissolution
of Partnership
• Petition for grant of Probate / Letters of Administration
• Petition under
Section 397 of Companies Act, 1956
• Application for
Appointment of Receiver/Local Commissioner
• Application for
Compromise of Suit
• Application for Appointment of Guardian
• Application to Sue as an Indigent Person under Order 33, Code of Civil
Procedure
• Appeal from Original Decree under Order 41, Code of Civil
Procedure
• Appeal from Orders under order 43 of Code of
Civil Procedure
• Revision Petition / Review Petition
• Application
under Section 5 of Limitation
Act
• Application for
Execution
• Application for Caveat Section 148A of Code
of
Civil Procedure
• Writ Petition
• Application under Section 482 of Code of Civil Procedure
• Compounding of Offences by way of Compromise under Section 320(i) Code
of
Criminal Procedure
• Lease Deed / Mortgage Deed
• Special Power
of
Attorney
• Relinquishment Deed
• Partnership Deed / LLP Agreement
• Reference to
Arbitration and Deed of Arbitration
• Deed of Gift
• Notice under
Section 434 of the Companies Act
• Notice for Specific
Performance of Contract

Level of Knowledge: Advance Knowledge
Objective: To acquire
knowledge of practical and procedural
aspects relating to Direct
Tax Laws.
Contents:

1. Basics
and Definitions – Income
Tax Act , 1961
• Background, Concept
and Mechanism of Income
Tax
• Definitions, Concept of Income, Previous Year, Assessment Year, Distinction
between Capital and Revenue Receipts and Expenditure, Residential
Status
• Basis of Charge and Scope of Total Income
2. Incomes which
do not form part
of Total Income
3.
Computation of Total Income under Various Heads: Salaries,
Income from House Property,
Profit and Gains
of Business or Profession,
Capital Gains, Income from Other Sources
4.
Income of Other Persons
included in Assessee’s Total Income; Aggregation of Income and Set Off or Carry Forward
of Losses; Various Deductions to be made
in Computing Total Income, Rebates
and Relief’s; Applicable Rates of Taxes
and Tax Liability
5. Taxation of Individuals including Non-Residents, Hindu Undivided Family, Firms, LLP, Association of Persons, Cooperative Societies,
Trusts, Charitable and
Religious Institution
6.
Classification and Tax Incidence
on Companies; Computation
of Taxable Income and Assessment of
Tax
Liability, Dividend Distribution Tax,
Minimum Alternate
Tax and Other Special Provisions Relating to
Companies
7.
Tax Deduction at Source, Tax Collection at
Source, Recovery and Refund of Tax;
Provisions of Advance Tax
8. Tax Planning
• Concept of Tax planning
• Tax planning with reference to setting up a New Business; Location; Nature of Business; Tax Holiday, etc.
• Tax Planning with regard to Specific Management Decisions such as Mergers
and Takeovers; Employees’ Remuneration; Voluntary Retirement
• Tax Planning with reference
to Financial Management Decisions such as
Borrowing
or
Investment
Decisions;
Reorganization or Restructuring
of
Capital
9. Tax Management
• Provisions
concerning Procedure
for
Filing Returns, Signatures,
E-Filing, Assessment, Reassessment and
Settlement of Cases
• Special Procedure for
Assessment of
Search
Cases, E-Commerce
Transactions,
Liability in Special
Cases
• Collection and Recovery of Tax; Refunds, Appeals and Revisions; Penalties
Imposable, Offences and Prosecution
10.Wealth Tax Act, 1956
• Background, Concept
and Charge of Wealth Tax
• Assets, Deemed Assets and Assets Exempt from Tax
• Valuation of Assets, Computation of Net Wealth
• Return of Wealth Tax and
Provisions concerning
Assessment

11.Basic
Concepts of International Taxation
• Residency Issues;
Source of Income;
Tax
Havens;
Withholding Tax, Unilateral Relief and Double Taxation
Avoidance Agreements
• Controlled Foreign Corporation
12.Advance Rulings
and Tax Planning
• Authority for
Advance Rulings, its
Power
and
Procedure; Applicability
• Tax Planning and Special Provisions relating to Certain Incomes of Non-
Resident Corporates
13.Transfer
Pricing
• Concepts, Meaning of
International Transactions
• Computation of Arm’s Length Price &
Methods
• Documentation and Procedural Aspects
14.Taxation of
Inbound & Outbound Transactions
• Taxation of Passive Investments; Capital Gains and Losses
• Taxation of Income, Property, Branch Profit, Foreign Income
Exclusions
• Foreign Tax Credit (Deemed Paid
System vs.
Current
Pooling System)
• Controlled Foreign
Corporations; Passive Foreign
Investment Companies;
Cross Border Merger, Acquisitions
and Transfers

Level of Knowledge: Expert Knowledge
Objective:
(i) To acquire thorough understanding of secretarial audit and Corporate
Compliance Management.
(ii) To
acquire
understanding
of
the
due
diligence of various business transactions.
Contents:

1. Secretarial Standards
• Concept, Scope and
Advantages
• Secretarial Standards issued by the ICSI
• Compliance of Secretarial
Standards for Good Governance
• Relevance of Guidance Note(s)
2. Secretarial Audit
• Need, Objective and Scope
• Periodicity
and Format for Secretarial Audit Report
• Benefits of Secretarial Audit
• Professional Responsibilities and
Penalties
3. Checklist for Secretarial Audit

4.
Due Diligence –
An Overview
• Introduction,
Nature, Need and its Significance
• Objectives, Scope
and Types of Due Diligence
• Process of Due Diligence
• Concept
of Data Room in Due Diligence
• Due Diligence vs. Audit
5. Issue of Securities
• Introduction
and Regulatory Framework
• Pre and Post Issue
Due Diligence – IPO/FPO
• Due Diligence – Preferential Issues of Listed
and Unlisted Companies
• Employee
Stock Option, Bonus Issue, Rights Issue, Debt Issues
• Issue of Securities by SMEs
• Role of Company Secretary in Issue of Securities
6. Depository Receipts Due Diligence
• Introduction; Broad
Regulatory Framework; Parties, Approvals, Documentation and Process
•
Issue of ADRs, GDRs, IDRs and FCCBs
7. Merger
& Acquisition (M&A) Due Diligence
• Introduction
• Stages of M&A
Due Diligence
• Data Room Management
• Business,
Financial, Legal and Corporate Governance Due Diligence
• HR and Cultural
Due Diligence
• Impact of Due
Diligence on Valuation
• Takeovers and
Acquisitions Due Diligence
8. Competition Law Due Diligence
• Introduction
• Need for Competition
Compliance Programme
• Mergers
& Acquisitions and Competition Law Aspects
• Reasons for Due
Diligence of Competition Law Aspects
• Process
of
Due Diligence of
Competition Law Aspects
• Due Diligence of Various
Agreements
• Some Common Anti Competitive Practices
• Due Diligence on Abuse
of Dominance
• Due Diligence Checklist for Compliance with
Competition Act 2002
• Checklist for Anti Competitive
Agreements/Abuse of Dominant
Position/Regulation of
Combinations
9.
Legal
Due Diligence
• Introduction
• Objectives, Scope, Need and Process
• General Documents/Aspects to be covered
• Possible Hurdles in Carrying out a Legal
Due Diligence and Remedial Actions
10.Due Diligence for Banks
• Introduction
• Need
for Due Diligence
for Banks
• Process of Due Diligence
for Banks
• Due Diligence Report to
Banks
11.Environmental Due Diligence
• Introduction
• Need
for Environmental Due
Diligence
• Process
involved in Environmental
Due Diligence
• Regulatory Framework relating to Environment
• Check
List on Major
Regulatory Compliances
• Environmental
Guidelines for Industries
by Ministry of Environment
• Environmental Impact Assessment
• Environmental Management Plan
• Preparation of Risk Analysis Matrix
• Identification of Potential Issues
• Impact Analysis
• Suggestions and Mitigation Measures
12.Search and Status Reports
• Importance and Scope
• Verification
of Documents relating to
Charges
• Requirements
of Financial Institutions
and
Corporate Lenders
• Preparation of Report
13.Compliance
Management
• Concept and Significance
• Establishment
of Compliance Management System
• Absolute,
Apparent and Adequate Compliance
• Compliance
Management System Audit

Level of Knowledge: Advance Knowledge
Objective: To acquire
expert knowledge of the practical
and procedural aspects
of
Indirect Tax Laws.
Contents:

1. Introduction
• Special Features of Indirect Tax Levies - All Pervasive Nature, Contribution to
Government Revenues; Constitutional Provisions Authorizing the Levy and Collection of Duties of
Central Excise and Customs
2. Central Excise Laws
• Basis of Chargeability of Duties of Central Excise - Goods, Manufacture,
Classification and Valuation of
Excisable Goods
• CENVAT
Credit Mechanism
• Registration,
Assessment, Provisional Assessment, Manner of Payment of
Duty,
Exemption, Recovery and Refunds of
Duties
• Clearance of Excisable Goods; Invoice System, Central Excise
Bonds;
Maintenance of Accounts and Records
and Filing of Returns,
Large Tax Payer Units, Excise Audit
2000
• Small Scale Units: Duties Payable by Small Scale Units,
Set-Off of Duties
–
Concept, Meaning
and Scheme;
• Export Incentives
under Central Excise
• Investigation, Adjudication, Appeal and Revision,
including Appearance before CESTAT by Company Secretary as Authorized Representative; Settlement of Cases,
Advance Ruling
• Search, Seizure, Arrest, Prosecution
and
Compounding
;
Offences
and
Penalty
• Miscellaneous Provisions under Central Excise
3. Customs Laws
• Levy of Customs Duties,
Types of Customs Duty Leviable, Tariff Classification
& Exemptions,
Valuation of Imported and Exported
goods
• Provision of Assessment,
Payment of Duties, Recovery and Refund
of
Customs
Duties
• Procedure for Clearance of Imported and Exported
Goods
such
Duty
Drawback,
Baggage
• Transportation
and Warehousing
• Confiscation of Goods and Conveyances and Imposition of Penalties; Search, Seizure
and Arrest, Offences and Prosecution
Provisions
• Adjudication, Appeal and
Revision; Settlement of Cases,
Advance Ruling
• Other Relevant Areas and Case Studies
under Custom Laws
and Rules
4. Promissory
Estoppel
in
Fiscal
Laws
– Principles
and Applicability with
reference to Indirect Taxes
5. Tax Planning and Management – Scope and Management in Customs,
with
Specific Reference
to important Issues in the Respective Areas

6. Background, Statutory Provisions, Taxable Services, Valuation, Administrative
Mechanism and
Procedural Aspects, Rate and Computation of
Tax
7. Assessment, Levy, Collection and Payment of Service
Tax, Exemptions, CENVAT Credit
for Service Tax, Returns, Appeals, Revisions, Advance Rulings, Settlement Commission

8. Background, Concept and Mechanism of VAT, Liability under VAT, VAT on Works
Contract; Right
to use Property
9. Set off and
Composition
Scheme,
Computation of VAT, Procedural Aspects including Registration, Preparation and
Filing of E-Returns, Rates of Tax, Assessment, Refunds, Audit, Appeals, Revision and
Appearances
10. Central Sales Tax; Tax on Inter- State Trade and Exports - Registration, Preparation and
Filing of E-Returns,
Rates
of Tax, Assessment and Refunds

Level of Knowledge: Advance Knowledge
Objective: To acquire
knowledge
of
ethics,
emerging
trends
in
good
governance practices and sustainability.
Contents:

1. Introduction
• Ethics, Business
Ethics, Corporate Governance, Governance
through Inner
Consciousness and
Sustainability
2. Ethical Principles in Business
• Role of Board of Directors
• Organization
Climate and Structure and Ethics
• Addressing Ethical
Dilemmas
• Code of
Ethics;
Ethics Committee; Ethics Training; Integrity Pact
• Case Studies and Contemporary
Developments
3. Conceptual Framework of Corporate
Governance
• Introduction, Need and Scope
• Evolution of Corporate Governance
• Developments
in India
• Developments
in Corporate Governance – A Global Perspective
• Elements
of Good Corporate Governance
4. Board
Effectiveness
- Issues and Challenges
• Board Composition; Diversity
in Board Room; Types of Directors;
Board’s
Role and Responsibilities
• Chairman, CEO,
Separation of Roles
• Relationship between Directors and Executives
• Visionary Leadership
• Board Charter, Meetings
and Processes
• Directors’
Training and Development
• Performance
Evaluation of Board and Directors
5. Board
Committees
• Introduction
• Various Board Committees, their Composition, Role
and
Responsibilities,
Contribution to Board Governance
Audit Committee
Shareholders Grievance Committee
Remuneration Committee
Nomination Committee
Corporate Governance Committee
Corporate Compliance Committee
Other Committees
6. Legislative Framework of Corporate
Governance
in India
• Under Listing Agreement,
SEBI Guidelines, Companies Act
• Corporate Governance in
PSUs
Banks
Insurance Companies
7. Legislative Framework of Corporate
Governance
–
An
International
Perspective
• Australia
• Singapore
• South Africa
• United
Kingdom
• Contemporary Developments in the Global
Arena
8. Risk Management and
Internal Control
• Risk and its
Classification
• Risk
Management and Oversight
• Enterprise Risk Management
• Internal Control
• Roles and Responsibilities of Internal Control
• Disclosure about Risk, Risk Management and Internal Control
9. Corporate Governance and
Shareholder Rights
• Rights of Shareholders
• Challenges in
Exercising Shareholders Rights
• Corporate Governance issues with regard
to Related Party Transactions
• Role of Investor
Associations in Securing Shareholders Rights
• Role of Institutional
Investors in Corporate Governance
10.Corporate Governance
and Other Stakeholders
• Employees
• Customers
• Lenders
• Vendors
• Government
• Society
11.Corporate Governance
Forums
• The Institute of Company Secretaries of India
• National Foundation for Corporate Governance
• Organisation for Economic
Co-operation and Development
• Global
Corporate Governance Forum
• Institute of
Directors
• Commonwealth
Association of Corporate Governance
• International
Corporate Governance Network
• The European Corporate Governance
Institute
• Conference Board
• The Asian Corporate
Governance Association
• Corporate Secretaries
International Association

12.Sustainability
• Meaning and
Scope
• Corporate Social
Responsibility and Corporate Sustainability
• Sustainability Terminologies and Meanings
• Why is Sustainability an Imperative
• Sustainability
Case Studies
• Triple
Bottom Line (TBL)
13.Corporate Sustainability Reporting Frameworks
• Global Reporting
Initiative Guidelines
• National Voluntary Guidelines on Social, Environmental and Economic
Responsibilities of Business
• International Standards
• Sustainability Indices
• Principles of Responsible Investment
• Challenges in Mainstreaming
Sustainability Reporting
• Sustainability Reporting Case
Studies
14.Legal Framework, Conventions, Treaties on Environmental and Social
Aspects
15.Principle of Absolute Liability
– Case Studies
16.Contemporary
Developments – Integrated
Reporting

Level of Knowledge: Expert Knowledge
Objective: To
acquire expert knowledge of practical
aspects of the management and techniques of financial,
treasury and forex management.
CONTENTS:
1. Nature
and Scope of Financial Management
• Nature, Significance,
Objectives
and
Scope
(Traditional,
Modern
and
Transitional Approach)
• Risk-Return and Value of the Firm
• Financial Distress and Insolvency
• Financial Sector Reforms and their Impact
• Functions of Finance
Executive in an Organisation
2. Capital Budgeting
• Time Value of Money
• Planning and Control
of Capital Expenditure
• Capital Budgeting Process
• Techniques of Capital Budgeting- Discounted and Non-Discounted Cash Flow
Methods, Choice of Methods
• Capital Rationing; Risk Evaluation and Sensitivity Analysis, Simulation for
Risk Evaluation
• Linear Programming and Capital Budgeting Decisions - under Constraints and
with Multiple Objectives
using Mathematical Programming
Models, Inflation, Uncertainty and Evaluation using Statistical Decision Theory
• Analysis of Capital Budgeting Decisions- Some Case
Studies
3. Capital Structure
• Meaning and
Significance
• Capital Structure
vis-à-vis
Financial
Structure; Planning and Designing;
Optimal Capital Structure
• Determinants of Capital Structure; Capital Structure
and
Valuation
-
Theoretical Analysis
• EBIT – EPS Analysis,
EBITDA
Analysis
(Earning
before Interest, Tax, Depreciation and
Amortization)
•
Risk
and Leverage; Measures of Operating and Financial Leverage, Effects of
Leverage on Shareholders’ Returns
4. Cost
of Capital
• Meaning; Factors Affecting Cost of
Capital
• Measurement of Cost of Capital, Weighted Average Cost of Capital, Marginal
Cost of Capital
5. Financial Services
• Meaning, Significance, Scope and
Structure of Financial
Services
• Types of Financial Services- Merchant Banking, Securitization of Debt, Loan
Syndication, Housing
Finance, Custodial
and Advisory
6. Project Finance
• Project Planning - Preparation of Project Report
• Project Appraisal under Normal, Inflationary
and Deflationary Conditions
• Project Appraisal by Financial
Institutions – Lending
Policies and Appraisal
Norms by Financial Institutions and Banks;
Loan Documentation, Project
Review and Control; Social
Cost and Benefit Analysis
of Project. (UNIDO Approach), Term Loans from Financial
Institutions and Banks; Lease and Hire
Purchase Finance;
Venture Capital Funds; Private Equity;
International
Finance and Syndication
of Loans, Deferred Payment Arrangements;
Corporate Taxation and its Impact on Corporate Financing
• Financing Cost Escalation
7. Dividend Policy
• Introduction;
Types, Determinants and Constraints of
Dividend Policy
• Forms of Dividend
• Different Dividend Theories - Walter’s Model, Gordon’s Model and Modigliani- Miller Hypothesis of Dividend
Irrelevance
•
Dividend Policy - Practical and
Legal Constraints
• Corporate Dividend
Practices in India
8. Working
Capital
• Meaning, Types,
Determinants and Assessment of Working
Capital
Requirements
• Operating Cycle Concept
and Applications of Quantitative Techniques
• Management of Working Capital
- Cash, Receivables, Inventories; Financing of Working Capital; Banking Norms and Macro Aspects
• Factoring and Forfeiting
9. Security Analysis and Portfolio Management
• Security Analysis
-
Measuring
of Systematic and Unsystematic Risk, Fundamental Analysis (Economic, Industry and
Company), Technical
Approach and Efficient Capital Market Theory
• Portfolio Management - Meaning, Objectives; Portfolio Theory –
Traditional
Approach; Fixed and Variable Income Securities,
Markowitz Portfolio
Theory; Modern Approach -
CAPM Model; Economic Value Added, Sharpe Single &
Multi Index Model; Arbitrage Pricing
Theory (APT); Risk Adjusted Measure of Performance
10. Derivatives and Commodity Exchanges- An
Overview
11. Treasury Management
• Meaning, Objectives, Significance, Functions and
Scope
of
Treasury
Management
• Relationship between
Treasury Management and Financial
Management; Role and Responsibilities of Chief
Finance Officer
•
Tools of Treasury Management; Internal
Treasury Controls; Environment for
Treasury Management
• Liquidity Management, Regulation,
Supervision and
Control of
Treasury
Operations, Implications
of Treasury on
International Banking
12. Forex Management
• Nature, Significance and
Scope of Forex Management
• Foreign Exchange Market and its Structure
• Foreign Exchange
Rates
and its Determination
• Exchange Rate Quotes;
Types of Exchange Rates; Forex Trading;
Currency
Futures and Options
• Foreign Exchange Risk Exposures and their Management; Exchange Rate
Forecasting; Risk in Foreign Exchange Business
13. Practical Problems and
Case Studies

Level of Knowledge: Advance Knowledge
Objective: To acquire knowledge of the legal, procedural and practical aspects
of
Corporate Restructuring, Valuation
and Insolvency.
Contents:

1. Introduction and Concepts
• Meaning of Corporate Restructuring
• Need, Scope and
Modes of Restructuring
• Historical Background
• Emerging
Trends
• Planning,
Formulation
and
Execution
of
Various Corporate Restructuring
Strategies - Mergers, Acquisitions, Takeovers, Disinvestments and Strategic Alliances, Demerger and Hiving off
• Expanding
Role of Professionals
2. Merger
and Amalgamation
• Introduction
• Legal, Procedural, Economic, Accounting,
Taxation
and Financial Aspects
of
Mergers and Amalgamations including Stamp Duty and Allied Matters
• Interest of Small
Investors
• Merger Aspects
under Competition Law
• Jurisdiction of Courts; Filing of Various Forms
• Amalgamation of Banking Companies and
Government Companies
• Cross Border Acquisition and Merger
3. Corporate Demerger and Reverse
Merger
• Concept of Demerger; Modes of Demerger
- by Agreement, under Scheme
of
Arrangement
• Demerger and Voluntary
Winding Up
• Legal and Procedural Aspects; Tax Aspects and Reliefs
• Reverse Mergers – Procedural Aspects and Tax Implications
4. Takeover
• Meaning and
Concept
• Types of Takeovers;
Legal Aspects – SEBI Takeover
Regulations
• Disclosure and Open Offer Requirements
• Bail Out Takeovers
and Takeover of Sick Units
• Takeover Defences
• Cross Border Takeovers
5. Funding of Merger and Takeover
• Financial Alternatives;
Merits and Demerits
• Funding through various Types of Financial Instruments including Equity and Preference Shares, Debentures, Securities with Differential Rights, Swaps, Stock Options; ECBs, Funding through
Financial Institutions and Banks
• Rehabilitation
Finance
• Management Buyouts/Leveraged
Buyouts
6. Financial Restructuring
• Reduction of Capital
• Reorganization of Share Capital
• Buy-Back of Shares – Concept and Necessity
• Procedure for Buy-Back of Shares by Listed and
Unlisted Companies
7. Post Merger Reorganization
• Factors involved in
Post Merger Reorganization
• Integration
of Businesses and Operations
• Assessing Accomplishment of Post Merger Objectives; Measuring Post Merger
Efficiency
8. Case
Studies

9. Introduction
• Meaning, Objective & Scope of Valuation
• Principles of Valuation
• Preliminary Work relating to Valuation
• Valuation Standards
and Valuation Analysis
10.Valuation Techniques
• Historical Earnings Valuation
• Asset Based Valuation
• Market Based Valuation
11.Regulatory
and Taxation Aspects
• Legal & Regulatory aspects related
to Valuation such as SEBI Regulations/
RBI Regulations
•
Income Tax Implications
12.Valuations for Different Strategies
• Merger & Acquisition, Demerger,
Slump Sale
• Liquidation and
Corporate Insolvency
• Internal & External Restructuring
• Valuation of Intangibles
• Valuation of Securities

13.Introduction
• Concept of Insolvency, Historical Developments
• History of Bankruptcy Laws in USA,
UK and India
14.Revival, Rehabilitation and Restructuring of Sick Companies
• Sick Companies and their
Revival with
Special
Reference
to
the Law and
Procedure relating to Sick Companies
15.
Securitization and Debt Recovery
• Overview of the Securitization
and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002; Process;
Participants
• Special Purpose
Vehicle
(SPV),
Asset Reconstruction
Companies
(ARCs), Qualified Institutional Buyers (QIB)
•
Overview of the Recovery of Debts Due to Banks and Financial Institutions Act,
1993
• Tribunal, Procedure;
Compromises and Arrangements with Banks and Creditors
16.Winding
Up
• Concept; Modes
of Winding Up; Administrative Machinery for Winding Up
• Winding up Process
and
Procedure;
Managing Stakeholders
and
Parties
in
Liquidation; Conducting Meetings of Shareholders/Creditors; Dealing with Contracts; Managing Estate
•
Outsourcing Responsibilities to Professionals/Service providers
such as Valuers,
Security Agencies
• Best Practices in Performing Liquidation/Administrator Functions; Accountability and Liabilities; Role of Liquidators
and Insolvency Practitioners
•
Consequences of Winding
Up;
Winding
Up of Unregistered Companies;
Dissolution
17.Cross
Border
Insolvency
• UNCITRAL Model Law on Cross Border Insolvency
• UNCITRAL Legislative
Guide
to Insolvency Law
• World
Bank Principles for Effective
Insolvency and Creditor
Rights
• Asian Development Bank Principles of Corporate
Rescue and Rehabilitation
SPECIALIZATION MODULE
AT PROFESSIONAL PROGRAMME
DETAILED COURSE CONTENTS
UNDER THE NEW SYLLABUS

Level of Knowledge: Expert Knowledge
Objective: To acquire specialized
knowledge of law and practice relating
to Banking and Insurance.
Contents:

1.
Overview of Banking System
2. Regulatory Framework and Compliances
A.
Provisions of RBI Act 1935, Banking
Regulation Act 1949,
Prevention of Money Laundering Act,
2002
B. Government and RBI’s Powers
• Opening of New Banks and Branch
Licensing
• Constitution of Board of Directors and their Rights
• Banks Share Holders and their Rights
• CRR and SLR Concepts
• Cash‐Currency Management
• Winding up – Amalgamation and Mergers
• Powers to Control Advances
– Selective Credit
Control – Monetary and Credit Policy
• Audit and Inspection
• Supervision and Control
– Board for Financial Supervision – its Scope and Role
• Disclosure of Accounts and Balance Sheets
• Submission of Returns to RBI
• Corporate Governance
3.
Legal
Aspects of Banking Operations
• Case Laws on Responsibility of Paying and Collecting Banker Indemnities or Guarantees – Scope and Application – Obligations of a Banker – Precautions and Rights
– Laws relating to Bill Finance,
LC
and
Deferred Payments – Laws Relating to Securities
–
Valuation of Securities – Modes of Charging Securities – Lien, Pledge, Mortgage, Hypothecation etc – Registration of Firms/Companies – Creation of Charge and Satisfaction of Charge
4.
Banking Related Laws
• Law of Limitation – Provisions
of Bankers Book Evidence Act – Special Features
of Recovery
of
Debts Due to Banks and Financial Institutions Act, 1993
a.
TDS
b.
Banking Cash Transaction Tax c.
Service Tax
d.
Asset
Reconstruction Companies
• The Securitization and Reconstruction of
Financial Assets
and Enforcement of
Security
Interest Act, 2002
a.
The Consumer
Protection Act, 1986 b. Banking Ombudsman
c.
Lok Adalats
d.
Lender’s Liability Act
5.
Banker
– Customer Relations
• The legal
relationship between the Banker and Customer, the Multifarious
Transactions between them and the Rights and Duties of the Parties
springing out of such relationship
1.
Nature
of Banking Business
2.
Legal
Nature of Banker‐Customer Relationship and their Mutual Rights and Duties
3.
Special
Categories of Customers, such as Corporations, Partnership Firms, Hindu
Joint
Families, Unincorporated Bodies,
Trusts, Joint Account Holders, Minors,
Nominee Accounts, Liquidator, Mercantile Agents, Non‐Resident Indians, Foreigners
and the Legal Incidence of Each
4.
Different Types of Accounts such as Current
Accounts, Savings
Bank Account and Fixed
Deposits
5.
Other
Transactions between Banker and Customer such as Safe Deposit Vaults,
Financial
Advice, Letters of Introduction and Other Services Rendered by Banks
6.
special features of the relationship between
banker and customer – Their
mutual rights and duties
– lien – Power to combine
different accounts – Secrecy of account
6.
Loans and Advances
• Law, Practice
and Policies governing the employment of the funds in the hands of the banker with special reference to the lending
banker
• State Policy on Loans and Advances – Priority sector advances and socio‐economic
policies
– Self‐Employment Schemes – Women Entrepreneurs – Small Scale Industries – Agricultural
Finance, Export Finance, etc – How the banker profitably uses the fund – Call loans and loans repayable at short notice – Loans and advances – Overdrafts
– Legal control over bank’s deployment of funds
7.
Securities for Banker’s Loans
• The legal issues involved in and the practice governing
the different kinds of securities for banker’s advances and loans
• Guarantees, pledge,
lien, mortgage, charge – subject matters of collateral security
a.
Corporate Securities
b.
Documents of title to goods c.
Land
and Buildings
d. Book debts e.
Life
Policies
• Factoring; Bill Discounting; Bank Guarantees; Letters of Credit; Commercial Papers
8.
Financial Analysis of Banks
• Introduction; Role of financial analysis
in financial management; Techniques of Financial Analysis; DuPont Model of Financial
Analysis; Special issues in Financial Analysis of Banking Industry
9.
Financial System: An Overview
• Introduction; Role of
Financial System; Capital Flow
Through Intermediary Financial Institutions; Direct
Capital
Flow;
Primary
Market Products; Primary
Market
Issue Facilitators; Secondary Market; Economic Importance of Financial Markets
10.
Financial Management in
Banks: An Introduction
• Introduction; Objectives
of Financial Management;
Scope of
Financial
Management;
Managing Bank Liabilities; Managing Bank Assets; Asset‐Liability
Management; Managing Liquidity and Risk
11.
Bank Financial Management
• Overview of Financial
System; Introduction to Financial Management in Banks; Financial
Analysis of Banks
• Management of Funds: Sources
• Management of Funds: Investments
• Risk Management: An Overview; Estimating/Forecasting of Risks; Measuring Risks; Management of Risks; Asset‐Liability Management
• Special Issues‐ Mergers
and Acquisitions; Accounting Policies; Pricing of Bank Products
& Services
• Marketing of Financial Services
• Financial Services in India
12.
Marketing of Banking
Services
• Banking Products
and Services
• Distribution, Pricing
and Promotion Strategy for Banking Services
• Attracting and Retaining Bank Consumers
13.
Merchant Banking and Allied Services
• Issue Management; Stock Broking
Services; Corporate Finance; Project Finance Services; Advisory and Consultancy Services
14.
Marketing of Mutual
Funds, Insurance, Pension Funds and Government Securities
• Mutual Fund Markets in India: An Overview
• Marketing of Insurance, Pension Funds and Govt. Securities
• Segmentation, Targeting
and Positioning
• Development and Launching of New Products
• Marketing Strategies for Mutual Funds
15.
Beyond Tomorrow
• Directions of Growth and Beyond
Tomorrow
• IT and its Implications
• Globalisation and its Impact on Financial
Services Markets
16.
International Banking Management
• International Banking : An
Overview
• Legal & Regulatory Framework
• International Banking Operations Management
• Risk Management in International
Banking
• Special
Issues:
Technology and International
Banking; Globalisation and International
Banking; Financial Innovations in International Banking
17.
Electronic Banking and IT in Banks
• IT in Banking : An Introduction
• IT Applications in Banking‐ Computer‐Based Information Systems for Banking; Electronic
Banking; Electronic Fund Management
• Enabling Technologies of Modern Banking‐ Electronic Commerce and Banking; Supply
Chain Management; Customer Relationship Management; Integrated Communication
Networks for Banks
• Security and Control Systems
• Planning and Implementation of Information Systems
18.
Risk Management in Banks
• Risk Management: An Overview
• Credit Risk Management
• Liquidity and Market Risk Management
• Operational Risk Management
• Special Issues‐ Risk Management Organisation; Reporting of Banking Risk; Risk Adjusted
Performance Evaluation
19.
Ethics and Corporate Governance in Banks
• Ethics and Business
• Corporate Governance
• Corporate Social Responsibility
•
Governance in Financial Sector

20.
General Principles of Insurance Contract‐ I
• Nature of Contract of Insurance ‐Insurance and Indemnity ‐Insurance and Guarantee
‐ Insurance and Wager ‐Feature of Insurance
Contract ‐Types of Insurance Contract
‐Risk Trading Indemnity,
Subrogation and Contribution
21.
General Principles of Insurance Contract
‐II
• Insurable Interest
‐Uberrimae fidei and Disclosure ‐Principle of Moral Hazards ‐Proximate
Cause ‐Reinsurance ‐Concept
of Agency in Insurance Contract
22.
Life Insurance
• General Principles of Life Insurance Contract ‐Proposals
and
Policy
‐Representation
‐
Assignment and Nomination ‐Title
and Claims ‐Tax Law Implications ‐Concept of Trusts in
Life Policy ‐stamp Duties ‐Life Insurance Corporation ‐Role and Function
23.
General Insurance ‐I
• Different Types of General Insurance ‐General Insurance and Life Insurance ‐Nature of Fire
Insurance ‐Representation ‐Various Types of Fire Policy Subrogation ‐Double Insurance ‐
Contribution and Average
‐Proximate Cause ‐Claims and Recovery
• Accident and Motor
Insurance ‐Nature ‐Disclosure
‐Terms and Conditions ‐Claims and
Recovery ‐Third Party Insurance ‐Compulsory Motor Vehicle Insurance ‐Accident Insurance
• Burglary Insurance ‐Nature, Terms and Conditions
• Medical Insurance ‐Nature,
Terms and Conditions
24.
General Insurance‐ II
• Regulation of Insurance Business, Insurance
Act and IRDA Act; Powers
and Functions of
IRDA
• Marine Insurance Scope and Nature ‐Types of Policy ‐Insurable Interest
‐Disclosure and
Representation ‐Insured
• Perils ‐Proximity
Cause ‐Voyage ‐Warranties ‐Loss and Abandonment ‐Losses
and Average ‐
Measurement of Subrogation, Contribution ‐Under
Insurance

Level of Knowledge: Expert Knowledge
Objective: To acquire advance knowledge in international trade, law, procedure and practices.
Contents:
1.
Introduction
• International Trade‐ Reasons
and Motivation
• Emerging Trends in International Trade
• International Marketing
• International Financial Management
• International Business Strategy
• Risk and Insurance in International
Trade
• Instruments of Payments
• Regional Trading
Blocks
• Regulatory Institutions of International Trade
• Role of WTO, IMF, World Bank
• INCO Terms
• Non Tariff
Barriers
2.
Global
Competitiveness
• Macroeconomic and Business Strategy Perspective
• Framework for Assessing Competitiveness‐ Various Approaches
• International and National
Competitiveness Studies
• Government Policy
and Competitiveness
• Competitiveness through Integrated Process Management
3. Foreign Trade Policy
and Procedures
• Introduction to Foreign
Trade Policy
• Institutional Framework
for Export Promotion
• Export Incentives and Facilities
• EPZ/FTZ/100% EOUs
• Quality Control for Exports
• Export Prospects
for Select Products and Services
4. Export‐Import Policy and Procedures
• Pre‐Shipment and Post Shipment Finance
• SEZ‐Incentives and Benefits
• Method of Realizing Export Payments and Ensuring Guaranteed Export Payment
• Central Excise Clearance
Formalities
• Customs Regulations and Clearance Formalities for Exports &
Imports
• Duty Draw Back Claims
Procedure
• Payments Against
Exports
• Payments Against
Imports
• Foreign Exchange Risk Management
• Warehousing
5.
International Trade and Trading
Blocks
• Theory and Policy
• Institutionalization of International Trade
• Pre‐GATT Scenario, GATT and International Trade
• Establishment of World Trade Organization
• Other International Trade Organizations including Regional Trading Blocks‐ ASEAN,
SAARC, SAPTA, NAFTA, Etc.
• Double Taxation Avoidance
Agreements (DTAA)
6.
World
Trade Organisation
• Basic Principles of WTO and GATT‐ Functions
and Areas of Operations
• Various Agreements under WTO
• Dispute Settlement under WTO‐ Rules, Regulations and Procedures relating to
Settlement of Disputes
under WTO
7.
Anti‐Dumping Duties
• WTO Provisions on Anti‐Dumping
• Anti‐Dumping Laws, Anti‐Dumping Duties, Regulatory Framework, Procedure and
Developments
8.
Subsidies and Countervailing Duties
• WTO Provisions
• Administration
• Procedure and Emerging Trends
9.
Foreign Collaborations and Joint Ventures
• Foreign Direct Investment Policy,
Industrial Policy
• Kinds of Collaboration and Joint Ventures
• Drafting of Agreement
• Restrictive Clauses in the Foreign
Collaboration/Joint Venture Agreements
• International Commercial Arbitration
10.
Logistics Management
• Logistics Framework‐ Concept,
Objective and Scope
• Transportation,
Warehousing, Inventory Management, Packing and Unitization,
Control and Communication
•
Role of IT in Logistics, Logistics
Service Firms and Third Party Logistics

Level of Knowledge: Expert Knowledge
Objective: To acquire advance knowledge of law and practices relating to intellectual property.
Contents:
1.
Introduction
• Meaning, Relevance, Business
Impact, Protection
of Intellectual Property
• Copyrights, Trademarks, Patents, Designs, Trade
Secrets
and
Geographical
Indications
• Competing Rationales for Protection of Intellectual Property Rights
• Introduction to the
leading
International Instruments
concerning Intellectual Property Rights: the Berne Convention, Universal Copyright Convention,
The Paris Convention, TRIPS, The World Intellectual Property
Organization (WIPO) and the
UNESCO
2.
Patents
• Concept of Patent
• Product / Design
Patents & Terminology
• Ownership of Patents
• Duration of Patents‐
Law and Policy Consideration
• Elements of Patentability
• Patentable Subject Matter
• Utility, Novelty and Non‐Obviousness
• Procedure for Filing
Patents and Grounds for Opposition
• Worldwide Patent Protection (TRIPS, Paris Convention, Patent Co‐operation Treaty and Patent Harmonization including Sui‐Generis System)
3.
Building Patent Databases & Library Generation
• Patent Offices
in India
• Patent search
through Internet
• Patent search
through Library / Records
• Organization of Patent
Library
• Patent Information and Databases
4.
Preparation of Patents Documents
• Lab Notebooks/Log Books/Record Books
• Methods of Invention
Disclosures
• Prior Art Search &
Public Domain Information
• Patent Application
Contents
• Patent Reading & Writing Methods
5.
Process for Examination of Patent
• Filing Process
• Strategic Patent Applications
• Process for Examination & Prosecution
• Reissue & Reexamination
• Patent Marking
• 3rd Party Licensing
6.
Software Patents
• Software Patenting in Indian & International Jurisdiction
7.
Design
Patents
• Product Designs
& Drawings
• Shapes
• International Standards
• Instruments
8.
Patent Infringement
• Literal Infringement
• Doctrine of Equivalence and Doctrine
of Colorable Variation
• Contributory Infringement
• Defenses to Infringement including
Experimental Use, Inequitable Conduct, Patent
Misuse
• Legal Aspects
(Act, Rules,
Procedures)
• Government use
of Inventions and
Acquisition of Inventions by
Central
Government
• Injunction and Related Remedies
• Appeals to Appellate
Board
9. Recent Developments in Patent System
• Patentable Inventions with Special Reference to Biotechnology Products
entailing
Creation of New Forms of Life
10.
Trademarks
• The rationale
of protection of trademark as (a) an aspect of commercial and (b) of consumer rights
• Definition and concept of Trademarks
• Different kinds of marks (brand names, logos,
signatures, symbols)
• Use of a Mark
• Registration of Trademarks‐Procedure
• Opposition to Registration‐Procedure
• What Marks
are Registrable / Not Registrable
• Concurrent Registration
• Similarity of Marks
• Assignment / Transmission / Licensing of Trademarks
• Infringement of Trademarks
• Passing off Action
• Offences and Penalties
• International Conventions
• Domain Names / Trademarks
• WIPO Internet Domain Name Process
11.
Copyrights
• Nature of Copyright
• Works in which Copyrights subsist
• Author & Ownership of Copyright
• Rights Conferred by Copyright
• Assignment, Transmission, Licensing of
Copyrights
• Infringement of Copyrights
• Remedies &
Actions for Infringement of Copyrights
• Copyright Societies, Office, Board, Registration
of Copyrights & Appeals
• International Conventions
• Copyright pertaining
to Software/Internet
• Remedies, especially,
possibility of Anton Pillar Injunctive Relief in India
12.
Industrial Designs
• What is a
Registrable Design
• What is not a
Design
• Novelty & Originality
• Registration of Designs
• Copyright under the Design Act
• Assignment, Transmission, Licenses
• Infringement
• Remedies
13.
Geographical Indications and Trade Secrets
• Meaning and Nature
• Conditions & Procedure for Registration
• Offences and Penalties
14.
Key Business Concerns in Commercializing Intellectual Property Rights
• Competition and Confidentiality
Issues, Antitrust Laws
• Employee Confidentiality
• Assignment of Intellectual Property Rights
• Technology Transfer Agreements
• Intellectual Property Issues in the Sale of Business
• Care & Maintenance
of Confidential Information
• Legal Auditing
of Intellectual Property
• Due Diligence of Intellectual Property
Rights in a Corporate Transaction
15.
Management of Intellectual Property
u
17. Recent Trends and Development

Level of Knowledge: Expert Knowledge
Objective: To acquire advance knowledge relating
to structure, functioning, operational
policies and practices of various markets.
Contents:

1.
Introduction to Commodity Market
• Origin of Commodity Market in India
• Products, Participants and Functions
• Commodity Derivatives Markets
• Difference between Commodity
and Financial Derivatives
• Evolution of Commodity Exchanges,
Global
Commodity Derivatives
Exchanges, Latest Developments
• NCDEX Platform
– Structure, Exchange Membership, Risk Management, Clearing
and Settlement System and Commodities Traded on the NCDEX Platform
2.
Application of Commodity Futures
• Instruments Available for Trading
‐ Forward Contracts, Futures and Options, Pay Off
for F&O, using Futures versus Options
• Pricing Commodity Futures‐Investment Assets versus Consumption Assets
• Cost of Carry Model, Futures Basis
• Using Commodity
Futures for Hedging, Speculation and Arbitrage
3.
Trading, Clearing and Settlement
• Trading‐
Futures Trading System, Entities in the
Trading
System,
Commodity
Futures Trading Cycle, Order Types and Trading, Parameters, Margins for Trading in Futures, Charges, Hedge Limits
• Clearing and Settlement‐ Clearing,
Settlement, Risk
Management, Margining at
NCDEX and Standard
Portfolio Analysis
of Risk (SPAN)
4.
Regulatory Framework of Commodity Derivatives
• Rules Governing Commodity Derivatives Exchanges, Participants, Investor
Grievances and Arbitration
• Implications
of Sales Tax, Value Added Tax (VAT) and Obligations
• Electronic Spot
Exchange ‐ NCDEX Spot Exchange Ltd. (NSPOT)
5.
Introduction to Money Market
• Financial Systems in India, Money Market, Debt Market, Capital Market,
Need for
Correlating them
• Characteristics of Money Market, Call Money
Market‐
Players, Utility
and Regulatory
Body; Commercial Paper‐Players, Utility and Issuing and Paying Agent; Certificate of Deposit;
Treasury Bills
• Difference between Capital
Market and Money Market

6.
Introduction to Capital
Market in India
• Meaning, Nature and Role
• Features of Developed Capital
Market, Reforms in the Capital
Market
• Capital Market‐ Instruments and Innovation in Financial Instruments
7. An Overview of Legal and Regulatory Framework
• Capital Market Regulatory Framework
i. Securities Contracts (Regulation) Act, 1956
ii. SEBI Act, 1992
iii. Depositories Act, 1996
iv. Authorities Governing
Capital Markets‐ Objective, Power and Functions of
SEBI
v. Securities Appellate
Tribunal, Appearance before
SAT
8.
Primary and Secondary Market in India
• Primary Capital
Market Scenario in India
• Primary
Market
Intermediaries,
Primary
Market
Activities, Methods
of Raising
Resources from International Market
• Secondary Market Scenario in India
• Reforms
in
Secondary
Market,
Organization and Management,
Trading and
Settlement, NEAT/BOLT System
• Market Types, Auction Listing of Securities, Stock Market Index, Stock Brokers, Sub‐Brokers, Broker‐ Clients Relationship, Trading Mechanism
Steps taken by SEBI to
Increase Liquidity in the Stock Market
9.
Depository System in India
• Overview of Depository System in India
• Depositories Act; Definitions, Setting
Up Depository; its Type; Role and Functions
of Depository; Depository Participants; Dematerialization vs.
Immobilization, Rematerialisation, Depository Process,
Inspection and Penalties;
Internal Audit and Concurrent Audit of Depository Participants
10.
Debt market
• Importance, Participants, Types of Instrument, Primary and Secondary Segments of
Debt
Market
11.
Collective Investment Schemes
• Regulatory Framework
Governing Collective Investment Schemes
• Restrictions on Business Activities, Submission of Information and Documents
• Trustees and their
Obligations
12.
Financial Institutions in India
• Role and Policy Measures
relating to Development Banks and Financial Institution
in India, Products and Services
offered by Financial Institutions
13.
Venture Capital
• Concept of Venture Capital,
Regulatory Framework, Nature and Scope,
• Venture Capital in India, Venture Capital Firms Registration, Investment Conditions and Restrictions
• Foreign Venture Capital
Investors, Private Capital
Funds
• Factoring Agreements &
Discounting of Bill
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