Cover
Halftitle Page
Title Page
Copyright Page
Dedication
Contents
Preface
1. Merchant Banking – An Overview
Definition
Functions
References
Review Questions
2. Merchant Banking – Regulatory Framework
SEBI Regulations
Registration of Merchant Bankers
General Obligations
Inspection of Merchant Bankers
Action Against Merchant Bankers
Code of Conduct for Merchant Bankers (Under Regulation 13)
SEBI Guidelines
References
Review Questions
3. Public Issue Management (PIM)
Functions of PIM
Mechanism
Forms of Securities Issue
Issue Manager
Role of Issue Manager
Activities Involved in Public Issue Management
References
Review Questions
4. Marketing of Equity Shares
General Steps
Public Issue Proposal – Factors
Pricing of Equity Issue
Law Relating to Marketing of Equity Shares
Methods of Marketing Equity Shares
E-IPO
Post-Issue Activities
References
Review Questions
5. Prospectus
Types
Contents
Regular Prospectus
Part I
Part II
Part III
Application Sans Prospectus
Abridged Prospectus
Prospectus for Rights Issue
Disclosures under Malegan Committee Report
Disclosures in Abridged Prospectus and Letter of Offer
Deemed Prospectus
Statement in Lieu of Prospectus
Red-Herring Prospectus
Information Memorandum
Shelf Prospectus (Section 60 A)
Misstatements in Prospectus
References
Review Questions
6. Underwriting Services
Definition
Underwriter
Functions of Underwriters
Underwriting Agreement
Types of Underwriting Agreement
Importance of Underwriting Services
Kinds of Underwriting Services
Mechanism
Indian Scenario
Underwriting Agencies
Obstacles
Variants of Underwriting
Grey Market
SEBI Guidelines
Green Shoe Option (GSO)
Stabilization Mechanism
Green Shoe Option in Other Countries
References
Review Questions
7. Capital Market Instrument
Meaning
Types
Preference Shares
Equity Shares
Non-Voting Equity Shares
Convertible Cumulative Preference Shares (CCPS)
Company Fixed Deposits
Warrants
Debentures and Bonds
Global Debt Instruments
References
Review Questions
8. Depository Receipts
Meaning
Working Mechanism
GDR in the Indian Context
American Depository Receipt
Indian Depository Receipts (IDRs)
References
Review Questions
9. Stock Exchange – An Overview
History of Stock Exchanges
Meaning
Definition
Functions/ Services/ Features/ Role
Stock Exchange and Commodity Exchange Distinguished
Indian Stock Exchanges
Mode of Organization
Membership
Stock Exchange Traders
Weaknesses
Regulation of Stock Exchanges
Steps in Stock Trading
Mechanics of Settlement
Stock Trading System
Specialists
Recent Developments
Interconnected Stock Exchange of India (ISE)
Indonext
References
Review Questions
10. National Stock Exchange (NSE)
The Mission
Trading Mechanism
Listing Requirement
Trading
Corporate Structure
Products
References
Review Questions
11. Over-the-Counter Exchange of India (OTCEI)
OTCEI Vs. Other Stock Exchanges
Over-the-Counter
Need and Objectives
Features
Benefits
Securities Traded
Players
Members and Dealers
Sponsorship
Registrars and Custodians
Central Clearing Bank
Monitoring Agencies
Methods of Offering New Issues
Trading Mechanism
Settlement Procedure
Slow Growth of OTCEI – Causes
Revamping OTCEI
Working of NASDAQ
Changing Role of OTCEI
Major Changes in OTCEI Functioning
New Norms
Utility of OTCEI’s New Listing Norms to Entrepreneurs
OTCEI MoU with NASSCOM
Revision in Composite Index
Clearing and Settlement
Technology
References
Review Questions
12. M & A Advisory Services
M&A Advisory Services
Concept of Merger
Forms of Merger
Related Connotations
Hostile Takeover
Merger – Types
Mergers Vs. Takeovers
Arguments in Favour of M&A
Financial Evaluation of Merger
Indian scenario
Major Issues of M&A in India
Merger Expenses
Regulation of M&A in India
Regulation of M&A Under the Companies Act
References
Review Questions
13. Portfolio Management Services
Investment philosophy
Investment Management
Asset Management
Portfolio Manager
Discretionary Portfolio Manager
Functions
Strategies of Portfolio Manager
Features of Portfolio Management services
Need for Portfolio Management services
Portfolio Management services Vs. Mutual Funds
Role of Financial Advisor
Products Under PMS
Registration of Portfolio Managers
Fees
General Obligations
General Responsibilities
Investment of Clients’ Funds
Maintenance of Books of Accounts, etc.
Accounts and Audit
Reports to be Furnished
Report on Steps Taken on Auditor’s Report
Inspection and Disciplinary Proceedings
Procedure for Action in Case of Default
Code of Conduct (Regulation 13)
Model Disclosure Document
References
Review Questions
14. Credit/Debt Syndication Services
Syndicated Loans
Scope
Syndication for Long-term loans
Credit Syndication Services – Types
Syndication for Working Capital Loans
Debt Syndication Process
Syndicated Loan Agreement
Types of Facility Commonly Syndicated
Parties to Syndicated Loan
Documentation for a Syndicated Loan
Timing
Syndication Loan Transfers
Forms of Loan Transfer
References
Review Questions
Bibliography
Index
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