About CSMC (Executive Program)
CSMC (Executive Program) is a one-year residential program that provides students with exposure to a wide range of subjects covered in the CS executive program. In addition, the program includes added subjects related to listed issuers and securities market compliances such as an Overview of securities markets, Issuer compliances, Intermediaries Compliances, Derivatives, and corporate governance. The curriculum is carefully crafted and benchmarked with the best and contemporary texts. The program also includes application-based teaching
pedagogy and industry internship that serves as a strong foundation for further grooming and growth into various career paths in the corporate/ financial/ securities markets compliance role. CSMC students are positioned to take up a wide range of roles and responsibilities of compliance professionals with the listed companies, market infrastructure institutions, and intermediaries.
For Whom?
The CSMC (Executive Program) is an ideal platform for those who are passionate about corporate and securities market compliances, and aspire to gain in-depth knowledge and build a long-term career in these areas. The program is suited for fresh graduates, postgraduates, and experienced candidates who are enrolled in the CS executive program and have a passion for compliance roles with listed companies and securities market stakeholders. Over the course of one year, students will immerse themselves in the program and develop their knowledge and skills in taking compliances.
Any student enrolled for C S Executive Program is eligible to apply.
Benefits of Program:
CSMC -Executive Program can lead the successful participants to the following careers pathways:
• Listed Companies: Role as a compliance officer.
• Market Infrastructure Institutions: Role as a compliance professional and compliance officer with Market Infrastructure Institutions including Stock Exchanges, Commodity Exchanges, Clearing Corporations and Depositories etc.
• Intermediaries: Role as a compliance officer with the primary and secondary market intermediaries, The objective of NISM for designing a program of this kind is “to create a cadre of compliance officers”.
Program Architecture
The program is divided into the following two semesters:
1. First Semester
| Course Code | Course Title | Teaching Hours |
|---|---|---|
| 101 | An overview of Securities Markets & Introduction to NISM simulation lab | 45 |
| 102 | Jurisprudence, Interpretation & General Laws | 45 |
| 103 | Company Law & Practice | 45 |
| 104 | Setting up of Business, Industrial & Labor Laws | 45 |
| 105 | Tax Laws & Practice | 45 |
| Total Hours | 225 | |
2. Second Semester
| Course Code | Course Title | Teaching Hours |
|---|---|---|
| 106 | Corporate Accounting & Financial Management | 45 |
| 107 | Capital Market & Securities Laws | 45 |
| 108 | Economic, Commercial & Intellectual Property Laws | 45 |
| 109 | Issuer Compliances | 45 |
| 110 | Intermediaries Compliances | 45 |
| Total Hours | 225 | |
# For each teaching hour, students are required to put in a minimum 2 additional learning hours.
Industry projects
| · There will be one month industry projects after the 2nd semester that offers opportunities to the students of the program to deep dive into live market environment and work on various projects and functions with associated entities in the market.
· Students will work under the mentorship of industry experts from MIIs, Banks, Securities Markets Firms, and Regulators etc. on projects. |
NISM Certifications across the Two Semesters:
| Mandatory NISM Certifications | |
| Sl. No. | Name of the Certification Exam |
|---|---|
| 1 | NISM-Series-XII: Securities Markets Foundation – First Semester |
| 2 | NISM-Series-V-A: Mutual Fund Distributors – First Semester |
| 3 | NISM-Series-VI: Depository Operations Certification –First Semester |
| 4 | NISM-Series-III-A: Securities Intermediaries Compliance (Non-Fund) -Second Semester |
| 5 | NISM-Series-VII: Securities Operations and Risk Management – Second Semester |
| 6 | NISM-Series-VIII: Equity Derivatives – Second Semester |
| Any others | Any other NISM certification depending upon the requirements |
| Optional NISM Certifications | |
| Sl. No. | Name of the Certification Exam |
|---|---|
| 1 | NISM-Series-I: Currency Derivatives |
| 2 | NISM Series-IX: Merchant Banking |
| 3 | NISM-Series-X-A: Investment Adviser (Level 1) |
| 4 | NISM-Series-XIII: Common Derivatives |
| 5 | NISM-Series-XV: Research Analyst |
| 6 | NISM-Series-XXI-A: Portfolio Management Services |
| 7 | NISM-Series-X-B: Investment Adviser (Level 2) |
| 8 | NISM-Series-XIX-A: Alternative Investment Funds (category I and II) Distributors |
| 9 | NISM-Series-XIX-A: Alternative Investment Funds (category III) Distributors |
| 10 | Any other NISM certification depending on the requirements |
Important points:
*Students need to complete all the above mandatory certifications within the deadlines indicated by the Program Calendar. The examination fee for the aforementioned mandatory certifications will be borne by the individual candidates.
Learning Environment and Pedagogical Approach
The pedagogy of this program will be practice oriented with an objective of bringing real-life perspectives alongside giving a robust conceptual foundation to the students.
The curriculum is designed in consultation with the CS institute and industry to ensure that the curriculum is in-line with the current Industry practices and requirements.
The program will be delivered through learner-centric approach using various pedagogical tools including case studies, hands on training on widely used data base and software’s like, Bloomberg, Prowess and others.
NISM, with its proximity to the policy-makers and the industry, draws upon the cream of academia and industry providing cutting-edge inputs in the securities markets domain.
Lectures and hands-on workshop sessions will be conducted by eminent faculty and industry leaders and experts. Students will gain the inputs and industry insights from a team of academicians, market experts and policy makers. There will also be regular interactions with practicing professionals.
The learning environment is further stimulated by industry interface, finance lab with modern technological infrastructure, state-of-the-art campus, extensive library and other recreation facilities. Book reviews, films related to Wall Street and experience sharing sessions with industry experts complement the learning process.
Industry Interface
The institute organizes visits to exchanges, depositories and various market intermediaries providing exposure to industry paradigm. NISM also invites a number of practitioners from the industry for interaction with the participants to share their experiences. These platforms provide opportunities to the participants to develop keen insights to industry practices and nuances.
Finance Lab
The one-of-its-kind trading simulation lab with streaming market data is a key highlight of the program. In addition, students will be learning various subjects using databases such as Bloomberg, Prowess, etc. and application software such as MATLAB, SAS, R, WinRATS, E-Views, etc.
Extensive Library
The institute boasts one of the biggest specialized libraries for Finance, which holds a rich collection of over 10000 books on securities markets, domestic and international magazines, newspapers, journals, etc. Through Science-Direct, the library provides access to all leading academic journals in Finance, Economics, Business and Management.
State-of-the-art Campus
NISM’s campus at Patalganga spread over 70 acres of land on the scenic Mumbai-Pune Express-way has state-of-the-art infrastructure that creates an ideal environment conducive for contemplative learning. The eco-friendly campus is Wi-Fi enabled and features well equipped class-rooms, modern auditorium and a vast amphitheatre. The campus also has impressive residential blocks with separate hostel facilities for male and female participants.
Recreation Facilities
The participants enjoy the luxury of modern recreation facilities like swimming pool, squash court, gymnasium with modern equipment, table tennis and badminton halls, yoga hall, cafeteria etc., The recreation blocks pose a refreshing environment offering a balance to the academic rigor of the program.
Placement Facilitation
NISM’s close connect with the industry will act as an enabler to facilitate the placement of students. The institute assists placement of the participants by inviting reputed organizations in the investment and securities markets domain to the campus placement drive. The participants are groomed for performing challenging and exciting roles in the investment and securities markets. The alumni of various other programs offered by NISM have been inducted in the following organizations through the campus placement program:
Admission Process
Eligibility Criteria
Student must be enrolled in the CS (Executive) program (Offered by ICSI)
Selection Criteria
• Online Test and Interview: Candidates will undergo an online test and an online interview jointly conducted by the NISM (National Institute of Securities Markets) and ICSI (Institute of Company Secretaries of India).
• Shortlisting: Based on the online test results, the top 180 candidates will be shortlisted.
• Online Interview: Shortlisted candidates will then participate in an online interview.
• Final Selection: The final selection for the top 60 candidates will be determined based on the candidates’ performance in the interview.
Program Fee
The tuition fee for the CSMC-Executive is Rs. 1,00,000. The break-up of the fees is as follows:
| Fee Structure of CSMC-Executive Program | ||||
| Sr. No. | Particulars | First Instalment (Rs) | Second Instalment (Rs) | Total Fee (Rs) |
|---|---|---|---|---|
| A | Tuition fee | 50000 | 50000 | 100000 |
| B | Books, Study Material,
Library Resources, etc. |
10000 | 0 | 10,000 |
| C | Exam fee | 5000 | 5000 | 10,000 |
| D | Alumni fund | 2000 | – | 2000 |
| E | GST @ 18% | 12060 | 9900 | 21960 |
| F | Accommodation (non-AC & twin occupancy) |
30,250 | 30,250 | 60,500 |
| G | Mess Charges | 34,650 | 34,650 | 69,300 |
| H | 5% GST on Mess charges | 1,733 | 1,733 | 3,466 |
| Total Fees | 1,45,693 | 1,31,533 | 2,77,226 | |
| Due Date | ||||
• There will be a caution deposit for the hostel of Rs 10000 and library of Rs 10000, which will be refunded after the completion of the program.
• Cost of NISM certification shall be borne by the student.
• Residential charges will be collected for 11 months starting from July 30, 2024. Students are allowed to occupy the hostels one day before the start of the program. Students have to vacate the hostel two days after the date of the last semester examination.)
*The fee is subject to change as mutually decided by ICSI and NISM as & when notified and applicable at the time of admission.
#Air Conditioning facilities can be arranged upon request, subject to additional charges, from March 15 to June 30. charges will be intimated separately.
Fee Refund Policy
If any applicant requests to withdraw his/her admission, the Institute will refund the collected fees after deducting Rs. 10,000/- towards processing fees, provided such withdrawal request is made before the commencement of the program. The last date for withdrawal of admissions for the purpose of refund of fees is before the commencement date of the program. There will be no refund of fee, after the commencement of the program.
| Percentage of Refund of Aggregate fees | Point of time when notice of withdrawal of admission is served to the Institute |
|---|---|
| 100% less Rs.10,000/- | Before commencement of the program |
| 0% | After commencement of the program |
How to apply?
1. New user needs to click on https://apply.nism.ac.in/csmc-executive-form
2. Upon successful registration, you will receive User ID and Password on the registered mobile number and Email ID.
3. After registration you can Log-in and fill in the application form and pay the application fee of Rs 500/- online.
Important Dates:
| Start Date for Application | March 05, 2024 |
| Last Date for Application | May 31, 2024 |
| Online Entrance Test | June 16, 2024 |
| Date of Online Interview | July 01, 2024 to July 05, 2024 |
| Declaration of 1st Merit List | July 12, 2024 |
| Declaration of 2nd Merit List | July 19, 2024 |
| Last date for payment of fee | July 26, 2024 |
| Commencement of Program | July 30, 2024 |
Disclaimer and Note:
Although every possible effort has been made to provide reliable and accurate information regarding online admission schedule/course(s)/number of seat(s)/ eligibility criteria/ fee structure etc. in the Online Joint Prospectus 2024, the ICSI and NISM do not warrant or assume any legal liability or responsibility for any error found either at any stage of complaint or while uploading the Prospectus. The Management of NISM and ICSI reserves the right to change, amend program structure, content and delivery etc. as they deem fit. All disputes pertaining to this course are under the jurisdiction of the High Court of Bombay.
Frequently Asked Questions
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Dr. Rachana Baid
Professor, Dean (Academics) & HoD - School for Securities Education (SSE)
Dr. Rachana Baid
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Name: Dr. Rachana Baid Designation: Professor, Dean (Academics) & HoD - School for Securities Education (SSE) Email: rachana.baid@nism.ac.in Dr. Rachana Baid is Professor at National Institute of Securities Markets. She has been teaching, consulting, and training in financial markets since 1996. She has been a visiting faculty with XLRI Jamshedpur, S.P. Jain Global School of Management, Mumbai, Singapore and Dubai. Earlier she has taught courses at IIM-Indore, NMIMs Mumbai, and few other management schools. She has worked with Indian Institute of Capital Markets (IICM) for 9 years from 2001 to 2010. At IICM she has conducted more than 200 workshops and training sessions for the professionals in the Indian capital market as well as for the participants from other countries. She has conducted training sessions for the officers of IAS, IRS, and CBI as well as fund managers and senior bankers from the private sector banks and mutual funds.
She has been associated with consultancy assignments for clients in the public sector & private sector. She was the member of a team constituted by BankWorld Inc, Washington, DC as a local capital market expert to assess the United States Agency for International Development (USAID) assistance to Securities and Exchange Board of India (SEBI) and its future technical assistance needs. She has worked on assignments for the government of India in Investor Education & Protection. She has been involved in consultancy/advisory assignments for UTI mutual fund and the Association of Mutual Funds in India. She was part of the secretariat to assist the panel for National Award for Excellence in Corporate Governance 2001.
She has done Ph.D. in finance (2001) and Masters in Commerce (1995) from Osmania University
She has about a dozen research papers to her credit in leading journals.
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Dr. Rajesh Kumar
Professor - School for Securities Education (SSE)
Dr. Rajesh Kumar
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Name: Dr. Rajesh Kumar Designation: Professor - School for Securities Education (SSE) Email: rajesh.kumar@nism.ac.in Contact: 91-2192668412 Dr. Rajesh Kumar, Professor
Dr. Rajesh Kumar is a skilled and qualified teacher of law with more than twenty-two years of experience in the field of law. After completing his LL.B. Degree from the Campus Law Centre, University of Delhi in 2001, he enrolled as an advocate with the Bar Council of Delhi and practiced mainly in Civil, Writ, Commercial, and Criminal matters before the High Court of Delhi and District courts of Delhi. Subsequently, he completed his LL.M. from the University of Delhi, cleared the U.G.C. NET Examination, and started his teaching career in 2005. He taught corporate and investment laws at various law colleges and universities starting from IMS Unison Law School, Dehradun and ICFAI Law School, Dehradun, VIPS (affiliated with G.G.S.I.P. University, Delhi), Amity Law School, Delhi (affiliated with G.G.S.I.P. University, Delhi) and National Law University, Ranchi. Before joining this institute as an Associate Professor in February 2018, he was working as Assistant Dean of NLU, Ranchi. He was promoted to Professor in October 2023. During his teaching career of more than 18 years, he held various administrative responsibilities including the positions of Chief Proctor, Controller of Examination, and Assistant Registrar. He completed his Ph.D. in securities law in the year 2012 from the University of Delhi. He has written many articles and four books on different subjects, including his books on securities law (ISBN No- 978365983044, Satyam Law International, Delhi, 2015) and Competition Law (ISBN NO -9789382823520, Satyam Law International, Delhi, 2017). His areas of expertise include Corporate Law, Securities Law, Corporate Finance, Competition Law, Mergers and Acquisitions, Banking and Insurance, and International Investment Law. He has also participated in various conferences and seminars organized by various institutions and has also been a speaker in many such conferences and seminars. His teaching interest lies in various subjects and areas related to Securities Laws and regulations, Competition laws, corporate laws, Banking and Insurance, mergers and Acquisitions, and International Investment Laws. He teaches in various academic programs and courses conducted by NISM. Apart from teaching, he is actively involved in organizing training programs for the officers of SEBI, government officers, and the securities market regulator of the foreign jurisdiction. He is also engaged in developing Policy papers on various topics related to the financial markets.
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Mr. Shailesh Pingale
Member of faculty - Incharge of Academic Compliance Cell (APU)
Mr. Shailesh Pingale
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Name: Mr. Shailesh Pingale Designation: Member of faculty - Incharge of Academic Compliance Cell (APU) Email: shailesh.pingale@nism.ac.in Mr. Shailesh Pingale joined NISM in December 2021 on deputation from SEBI; currently Mr. Shailesh is heading the Academic Compliance Cell at NISM. Academic Compliance Cell is responsible for setting and advancing the academic activities pertaining to all long-term academic programs offered by the institute. He also looks after the compliance of AICTE and UGC at NISM. Further, he has been entrusted with the role of program director for various corporate training programs conducted by the institute. He has successfully conducted various training programs for the participants from SEBI, RBI, CEIB etc.
He has more than 14 years of expertise in the area of securities markets. He was associated with Securities and Exchange Board of India (SEBI) since 2008. After qualifying as a Chartered Accountant (CA) in the year 2007, he has joined SEBI. At SEBI, he worked in various departments such as Investigation Department, Derivatives and New Product Department, Integrated Surveillance Department etc. He has vast experience in the area of frauds investigation, derivatives, taxation etc. He has also worked with the SEBI-RBI standing technical committee, which was instrumental in establishing currency derivatives trading in India. In addition to the above, he was also involved in delivering lectures on financial literacy for college students in various parts of western region.
As a member of faculty, he is taking sessions on various topics such as Fraud Investigation, Derivatives, SEBI Compliance, Financial Statement Analysis etc. Mr. Shailesh is a commerce graduate and Company Secretary (ICSI). He is also associate member of Institute of Chartered Accountants of India. He is also an avid sports lover and passionate about reading market related articles.
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Dr. Mohd Meraj Inamdar
Assistant Professor - School for Securities Information and Research (SSIR)
Dr. Mohd Meraj Inamdar
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Name: Dr. Mohd Meraj Inamdar Designation: Assistant Professor - School for Securities Information and Research (SSIR) Email: Meraj.inamdar@nism.ac.in Contact: +91-2192-270140 / +91 8275325356 Dr. Inamdar is a faculty member at NISM. Prior to NISM, he worked for Indian Institute of Capital Markets, Institute of Cost Accountants of India chapter’s and IIT-Bombay CSE.
He has 11 years of experience in teaching & research and two years of corporate experience.
Dr. Inamdar has several publications in indexed journals and has won two best research paper awards in international conferences. He has conducted a various programs for international delegates as well as training programs for SEBI, RBI, IRS, IES officers and market intermediaries.
At NISM, Dr. Inamdar teaches ESG finance, quantitative methods and data analyses, derivatives options trading strategies (through algo trading simulator) and technical analysis. He is a member of the organising committee of NISM conferences. He has completed M.com, MBA (Finance), CWA (Final), and PhD in the field of ESG finance from Mumbai University
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Dr. Shreyas Vyas
Assistant Professor - School for Securities Education (SSE)
Dr. Shreyas Vyas
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Name: Dr. Shreyas Vyas Designation: Assistant Professor - School for Securities Education (SSE) Email: shreyas.vyas@nism.ac.in Dr. ShreyasVyas is an expert in business laws with a background in civil laws. He has completed his BALLB (Hons) from Nirma University. Then he completed his LLM in (Corporate Law) from Hidayatullah National Law University and subsequently his Ph.D. from Bhagwant University in area of Company Law. He also enrolled himself as an Advocate in Rajasthan State Bar Council and appeared before Hon’ble Rajasthan High Court for various cases.
In his span of more than 6 years he has taught various subjects like Company Law, Capital market Regulations, Arbitration Law, Civil Procedure Code, Drafting, Pleading etc in universities such as Hidayatullah National Law University and G D Goenka University etc. During his tenure, he has also been working in various administrative positions like Faculty Advisor for Moot Court Committee, internship placements, Program chair etc.
His written articles in various areas of Law like Company Law, Intellectual Property Laws, Contract Laws, Technology Laws, Human Rights Laws etc are published in various journals of National and International Repute. He has also participated in various Faculty Development Programs, Conferences organized various institutions and coached students & judged various Moot Court Competitions of National and International Repute in various areas of Laws.
His areas of teaching interests & research area includes subjects and area relating to Corporate Law, Securities market, Merger and Acquisition Law, Arbitration law, Technology laws and their inter-disciplinary implementation in various area of policy and Law.
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