Capital Market - Book Reference

	Capital market
sl no	unit 1:- introduction to capital market	pg no.
1	introduction to capital market	2
2	constituents of capital market	3
3	history	4
4	action taken by the government related to market	7
5	statistical data and further developments	9
6	latest developments	12
7	demutualization	16
8	disinvestment	16
9	public issue	16
10	rights issue	16
	unit 2 :- securities and exchange board of India
1	objectives of SEBI	20
2	role assigned to SEBI	21
3	functions of the board	22
4	SEBI guidelines for the issue of debt instrument	23
5	debenture redemption reserve-DPR	24
6	SEBI guidelines for primary market	25
7	SEBI guidelines for bonus issue	27
8	Green-shoe-option-GSO in an IPO	28
9	how does GSO work	28
10	issuers	28
11	investors point of view	29
12	lead bankers point of view	29
13	case study of ICICI banks second public issue	29
14	SEBI and individual investor	31
15	actions taken by SEBI	31
16	achievement of SEBI	31
17	what SEBI does with is powers	32
18	scorecard of action taken by SEBI	33
19	insider trading regulations of SEBI	34
20	guidelines to investors	35
21	participatory notes p-notes	37
22	MS shoes	38
23	ketan Parekh scam	39
24	Tata finance	41
25	L& T, Reliance, Grasim	43
26	Badla	45
27	insider trading	45
28	Debenture	45
	unit 3:-money market
1	call-money market	48
2	participants in money market	49
3	discount and finance house of India ltd- DHFI	49
4	primary dealers	49
5	money market instruments	50
6	14-day intermediate T-Bills	50
7	instruments in money market	51
8	commercial paper market	51
9	certificate of deposit	51
10	RBI guidelines	52
11	commercial bill market	52
12	new bill market scheme 1970	53
13	money market mutual fund	53
14	repos and reverse repos	53
15	securities trading corporation of India-STCI	54
16	market stabilization bonds	54
17	repo or repurchase pact	54
18	who are the players suitable to do a repo	55
19	need for repo transaction	55
20	interest on repo calculation	55
21	period for which repo calculated	55
22	Why RBI holds Repo	56
23	options in FOREX market	56
24	options	56
25	types of options	57
26	futures	57
27	option terminology	58
28	call option	58
29	put option	58
30	strike price	58
31	exercise price	58
32	maturity date	58
33	American option	58
34	European option	59
35	premium- option price, option value	59
36	intrinsic value of option	59
37	time value of option	59
38	at-the-money, in-the-money, out-of-the-money options	59
39	option pricing	59
40	black and Scholes	59
41	relation between option premium and stock price	60
42	option strategies	61
43	call options	61
44	put option	63
45	spread strategies	64
46	vertical spread strategies	64
47	horizontal or time spreads	65
48	straddles and strangies	66
	unit 4:- mutual funds
1	mutual fund conceptual framework	70
2	regulators of mutual fund	71
3	role of regulators	71
4	SEBI	71
5	RBI	71
6	ministry of finance- MOF	72
7	office of public trustee	72
8	self-regulatory organizations- sRO	72
9	who can invest	73
10	non-residents including	73
11	investors right and obligations	73
12	portfolio diversification	74
13	professional management	74
14	reduction or diversification of risk	74
15	reduction of transaction cost	74
16	liquidity	75
17	convenience and flexibility	75
18	technical jargons used	77
19	portfolio	77
20	asset management company-AMC	78
21	net asset value-NAV	78
22	calculation of NAV	78
23	Load	79
24	asset management company-AMC	80
25	constitution of AMC	81
26	types of schemes offered by the mutual fund	82
27	open ended and close-ended schemes	82
28	pure growth schemes	82
29	pure income schemes	83
30	balanced schemes	83
31	tax saving schemes	83
32	debt-oriented schemes	83
33	equity-oriented schemes	83
34	sector funds	84
35	money market mutual funds	84
36	tax treatment of mutual funds	84
37	regulatory aspects	86
38	rules regarding advertisement	87
39	investment objectives and valuation policies	87
40	general obligation	87
41	procedure for action in case of default	87
42	restriction on investment	87
43	the case of US-64	89
44	ELSS	91
	unit 5:-merchant banking
1	introduction	94
2	activities of merchant banking	95
3	issue management	96
4	corporate advisory services relating to the issue	97
5	underwriting	99
6	guidelines for IPOs	100
7	public issue	100
8	eligibility norms for listed company for making public issue	101
9	restriction on pricing by the companies	101
10	promoters contribution and lock-in	101
11	basis of allotment	102
12	get the application forms and the prospectus	102
13	comments. Complaints on the issuer company or others connected with the issue	103
14	complain wrong/ non-disclosures/ mis-statement in the offer document	103
15	how many days and investor should receive the refund order/allotment advice	103
16	how many days should the company get its securities listed after the issue	103
17	is it mandatory to have demat account for applying for public issue	103
18	address of the company and details of change of names	104
19	what is book building	104
20	offer of shares through book building and offer of shares through normal public issue	104
21	minimum number of days for which bid should remain open in book building	104
22	can open outcry system be used for book building	104
23	issue price for placement portion and net offer to public	105
24	floor price	105
25	bidder revise his bids	105
26	proof	105
27	bid less than floor price	105
28	corporate services	105
29	project counseling	106
30	loan syndication	106
31	merchant bankers need to possess the following qualities	106
32	SEBI guidelines for merchant bankers	106
33	categories of merchant bankers	107
	unit 6:-recent development
1	rolling settlement	112
2	advantages	112
3	derivatives in stock market	113
4	index futures	113
5	hedge using the instrument	113
6	futures contract	114
7	options	114
8	call or put options	115
9	depository and dematerialization	116
10	NSDL-national securities depository limited	117
11	depository facilities offered by NSDL	118
12	non-voting shares-NVS	118
13	bonus debentures of HLL	119
14	E-trading	122
15	stock lending mechanism	123
16	NSCCL-national securities clearing corporation limited	123
17	employees stock option plan-ESOP	124
18	SEBI guidelines	125
19	SWEAT equity	126
	unit 7:-stock exchanges
1	securities contract regulation act	130
2	introduction to stock exchanges	131
3	importance and operations of depositories	134
4	bank depository	134
5	depositories registered with SEBI	134
6	depository participant	134
7	minimum net worth for a depository	134
8	Depository participants registered with SEBI	135
9	benefits of availing depository services	135
10	account opening	135
11	services of depository availed	135
12	address of investor change	136
13	multiple account opening	136
14	minimum balance of securities in my accounts	136
15	account with same DP as a broker has	136
16	freeze or lock accounts	137
17	dematerialization process and operation	138
18	physical holding to electronic holding	138
19	ISIN-international securities identification number	138
20	odd lot shares be dematerialized	138
21	can transfer cum dematerialization be done simultaneously	139
22	electronic holdings be converted back into physical certificate	139
23	trading/settlement	139
24	selling dematerialized shares	139
25	corporate benefits	141
26	securities allotted in public offering directly in the electronic form	141
27	cash corporate benefit such as dividend/interest received	141
28	receive non cash corporate benefit such as bonus etc	141
29	pledging	141
30	pledge dematerialized securities	141
31	pledge electronic securities	141
32	close pledge after repayment of loan	142
33	change securities offered in pledge	142
34	transaction statement	142
35	frequency one receive transaction statement	142
36	discrepancies in transaction statement	143
37	contact in case of complaint/problem/query	143
38	custodian	143
39	role of custodian	143
40	introduction to national stock exchange	144
41	wholesale debt market	145
42	stock market indices	146
43	stock holding corporation of India Ltd-SHCIL	147
44	objectives	148
45	advantages	148
	unit 8:-venture capital
1	characteristics	152
2	stages of venture capital financing	153
3	seed financing	153
4	start-up financing	153
5	first stage financing	153
6	expansion financing	153
7	second stage financing	153
8	third stage or mezzanine financing	153
9	bridge financing	153
10	acquisition financing-buyout	153
11	venture investment process	154
12	generating a dead flow	154
13	due diligence	154
14	investment valuation	154
15	structuring the deal	154
16	entrepreneur seeks	156
17	common consideration	156
18	SEBI venture capital funds regulation	156
19	problems with VCS in the Indian contract	158
20	license raj and the IPO boom	158
21	scalability	159
22	mindsets	159
23	returns, taxes and regulation s	159
24	exit	159
25	valuation	160
26	angels	160
27	Vinod Dham	161
28	Sailesh Mehta	161
29	Kanwal Rekhi	161
30	Prabhu Goel Suhas Patil	162
31	Prakash agaaaarwal	162
32	K.B.Chadrashekhar	162
33	corporate venturing	168
34	success of venture capital	168
35	current trends	170
36	capital is pouring into private equity funds	170
37	bigger is better	170
38	first item firms never had it so good	170
39	state want its share of the pie too	170
40	venture firms are being run more ice business	170
41	no more men in grey suits	171
42	tomorrow is coming faster	171
43	more venture funds are seeking tradition al business	171
44	financing sources are more flexible	171
45	financing sources and companies are building partnering relationships	171
46	competition affecting buyer prices	171
	unit 9:-credit rating
1	investors	176
2	issuers	176
3	financial intermediaries	176
4	regulatory authority	177
5	credit rating	177
6	factors contributed to the growth of credit rating	178
7	rating an instrument	178
8	business analysis	179
9	market position of the company	179
10	operating advantages of the company	180
11	financial risk analysis	180
12	project risk	181
13	management evaluation	181
14	legal position	181
15	financial analysis	181
16	management evaluation	182
17	regulatory and competitive environment	182
18	flow chart of rating process	183
19	type of instrument rated	183
20	crisil's long term rating symbols	184
21	AAA, AA A BBB BB B C D	184
22	recent developments	184
	unit 10:-share buy-back
1	obligations of the company	192
2	methods of buy-back	192
3	effects of buy-back	192
4	types of share buy-back	193
5	open market purchases	193
6	tender offer	193
7	Dutch auction	193
8	India's experience with buy-back	194
9	objectives of buy-back	195
10	relevant laws	196
11	companies act 1956	196
12	SEBI regulations 1998	198
13	special provisions of tender offer route of buy-back of odd lot of shares	200
14	provisions of open market operations through stock exchanges	201
15	provisions of open market operations through book building	201
	unit 11:-portfolio management and financial engineering
1	functions and advantages	208
2	types of portfolio management	209
3	discretionary portfolio management-DPMS	209
4	non-discretionary portfolio management	209
5	qualities of portfolio manger	209
6	steps in portfolio management	210
7	criteria for portfolio decision and factors that influence portfolio decisions	210
8	investors characteristic	210
9	liquidity needs	210
10	tax consideration	211
11	safety of principal	211
12	assurance of income	211
13	investment risk	211
14	interest rate risk	211
15	business and market risk	211
16	SEBI regulations governing portfolio management activities	212
17	code of conduct -portfolio manager/FF-TNR	213
18	finance engineering	213
19	factors responsible for the growth of F.E	214
20	tools of financial engineering	215
21	conceptual tools	215
22	physical tools	215
23	categories of financial engineers	215
24	the first are deal makers	215
25	second category- idea generators	216
26	innovators	216
27	loophole exploiter	216
28	outlaws	216
29	products developed by financial engineers	217
30	tax asymmetries	219
	unit 12:-corporate governance
1	background for formation of Birla committee	224
2	board of directors	224
3	responsibilities	225
4	composition	225
5	audit committee	225
6	functions of management	225
7	shareholders	226
8	reasons for failure	226
9	mandatory recommendations of Birla committee	227
10	board of directors	227
11	audit committee	227
12	power of audit committee	227
13	frequency of meetings and quorum	227
14	remuneration	227
15	committee membership of directors	228
16	shareholders committee	228
17	some recent developments	229
18	cause 49 of the listing agreement	230
19	ambani vs. ambani	233
	unit 13:-mergers and take over's
1	procedure	241
2	meant by takeovers and substantial acquisition of shares	241
3	target company	241
4	acquirer	242
5	persons acting in concert-PAC	242
6	quantity of shares or voting rights	242
7	threshold of disclosure to be made by acquirer	242
8	trigger point for making an open offer by an acquire	243
9	15% shares or voting right	243
10	creeping acquisition limit	243
11	consolidation of holding	243
12	control defined	244
13	public announcement-PA	244
14	disclosures required to be made under public announcement	244
15	objectives of public announcement	244
16	offer of less than 20% shares	244
17	who is required to make a public announcement and when	245
18	appointment of merchant banker	245
19	document filed with SEBI	245
20	SEBI approve the draft letter of offer	245
21	letter of offer	246
22	SEBI gives comments on draft letter of offer	246
23	price determined in an open offer	247
24	relevant parameters	247
25	shares of target company frequently or infrequently traded	247
26	competitive bid	248
27	acquirer withdraw the offer	248
28	not received letter of offer	248
29	compensation for delayed receipt of payment	249
30	acquirer required to accept all the shares under the open offer	249
31	safeguards in take over process	249
32	SEBI regulations 1997	250
33	reporting to SEBI mandatory	250
34	time frame to submit report and procedure fee	250
35	information required to be furnished to stock exchanges	251
36	violate provisions of the regulations	251
37	mergers and amalgamation covered under the SEBI	253
38	take over panel	253
39	procedure for making an application to takeover panel	254
40	SEBI process	254
41	specific provisions for disinvestment of government shareholding in public sector undertaking-PSU	254
42	said amendments	254
43	hostile take over	254
44	Bombay deing	255
45	Gesco corporation	256
46	white knight	256
	unit 14:- lease and hire purchase
1	lease finance	262
2	advantages	262
3	sources of funds of finance companies	264
4	contents of lease agreement	265
5	description clause	265
6	period clause	265
7	rental clause	265
8	exemption clause	265
9	ownership clause	265
10	repairs and alteration clause	265
11	surrender clause	265
12	sale and lease back transaction	266
13	hire purchase	267
14	salient features	267
15	sale tax aspects	268
16	accounting aspects	268
17	summary regulations governing NBFCS issued by RBI	269
18	latest developments	269
	unit 15:-housing finance
1	national housing bank	274
2	objectives-NHB	275
3	norms of approval of HFC's by NHB	275
4	refinance facility offered by NHB	276
5	limits of refinance	276
6	regulatory guidelines of NHB	276
7	procedure for disbursement of loan by HFCS	277
8	credit appraisal	277
9	documents required	278
10	salaried class	278
11	self employed	278
12	legal appraisal	279
13	technical appraisal	279
14	securitization and housing finance	279
15	process of securitization	280
16	pass through certificates- PTC	280
17	features	281
18	pay through certificates	281
19	demerits of securitization of the originator	281
20	process of securitization of receivables	281
21	credit enhancement	282
22	mortgage backed securitization	282
23	benefits of securitization	283
24	new developments in housing loans	283
25	flexible loan installment plan	283
26	step-up repayment facility	283
27	balloon payment	284
28	acceleration of EMI's	284