The LL.M. program in Investment and securities Laws is an advanced program of legal study that is customized to the needs of the individual student and working legal professionals. Having Committed to providing the highest quality of education the field of securities markets, the NISM has entered into a collaboration with India’s premier Law University, Maharashtra National Law University, Mumbai (Hereinafter referred as MNLU) for offering this LL.M. in Investment and Securities Laws. This specialized LL.M. program, designed primarily for the law students intending to work in the financial markets, offers full-time, intensive academic training in the legal regulation of securities and investments in India.

In line with our mission for the academic excellence, the course offers the depth of background in a broad array of topics arising out of the corporate law and securities regulation topics including the regulation of issuance of securities, secondary trading of securities, market regulation, enforcement issues, corporate finance, investment by a person resident outside India, investment advisers, derivatives, regulation of banking and financial institutions, competition law and insolvency laws. This course offers an introduction to the three most important securities laws: The Securities Contract Regulation Act of 1956, Securities Exchange Board of India Act of 1992 and the Depository Act of 1996. The LL.M. in Investment and Securities Laws also explores the scope of more than 36 regulations framed by SEBI and its impact on structured growth of securities markets in India. The course also focusses on learning the tools in the deals and documents related to the securities market transactions, which would be helping in understanding the nature of disputes that arise in a financial market.

The students undergo most classes with a joint team of expert faculties from NISM and MNLU. The course will also engage some of the nation’s leading advocates in the field of corporate law and securities laws, as well as officers from regulators, whose work is oriented more toward practice and the profession as a visiting faculty.

LL.M. students are required to be in residence at NISM during the full one academic year. The course also offers practical smart lab training to the students to make them understand various processes and use of the technology in the securities markets.

Dedicated to enhancing an interdisciplinary legal and securities market education for the academic community, as well as for experienced legal and business practitioners related to financial markets, the LLM in Investment and Securities Laws provides a scope to the sharpening of skills and learning the tools to be an effective business lawyer

Program Architecture

Trimester 1

Paper Paper Title Credits Marks
General paper -1 Research Methods 3 100
General Paper-2 Law and Justice in a Globalized World 3 100
General Paper-3 Comparative Public Law and Governance 3 100
General Paper 4 An Overview of Securities Markets

( Foundational topics along with SMART Lab)

2 100

Trimester 2

Paper Paper Title Credits Marks
 

Special -1

Company Law ( Advance concepts related to  Legal setting of Corporate Finance, Management and Governance)  

2

 

100

Special -2 Securities Regulations-1 2 100
Special-3 Competition Law and Policy 2 100

Trimester 3  

Paper Paper Title Credits Marks
Special -4 Banking and Insurance 2 100
 

Special-5

Investment Laws (Covering Securities Regulations-2) and Laws related to Foreign investment( FEMA Act, 1999, Joint venture, Foreign collaboration and others)  

2

 

100

Special-6 Law of Insolvency and Bankruptcy 2 100

Dissertation and internship/ field research/ project

* The students of LL.M. shall have to complete the following certifications during their course of study, as these certifications are part of the academic requirements of this program:

  • NISM-Series-VII: Securities Operations and Risk Management Certification Examination (to be completed during the 2nd trimester)
  • NISM-Series-VI: Depository Operations Certification Examination (to be completed during the 2nd trimester)
  • NISM-Series-V-B: Mutual Fund Foundation Certification Examination (to be completed during the 3rd trimester)
  • NISM-Series-VIII: Equity Derivatives Certification Examination (to be completed during the 3rd trimester)

 

Students of LL.M. shall register and enrol for these certifications at their own cost and must submit the passing certificates before the specified timelines in order to fulfil their course completion requirements.

Paper Paper Title Credits Marks
Special -7 Dissertation 5 200
Special-8 Professional Certifications (Four Certifications)* 2 100
Total number of credits 30 1300

Fee Structure

Fee structure for all India Students including Maharashtra students and Industry/institutions sponsored candidates

Sr. No. Particulars 1stInstalment Amount (Rs) 2ndInstalment Amount (Rs) Total (Rs)
A Admission Fees 3,000 3,000
B Tuition Fees      
  All India Students (including Maharashtra students) & Industry/institutions sponsored candidates 60,000 60,000 1,20,000
C Other charges      
  Library ,book and study material 15,000  – 15,000
  Journal fee 6,000  – 6,000
  Development  fee 10,000  – 10,000
  Internet/IT facilities & Simulation Lab fee 10,000 10,000 20,000
  Outsourced services 10,000 10,000 20,000
  Student welfare 10,000  – 10,000
  Examination fees 10,000 10,000 20,000
  Alumni Association Fund 2,000  – 2,000
  Total C 73,000 30,000 1,03,000
D Refundable Deposits
  1. Library caution money 10,000  – 10,000
  2. Hostel and Mess 10,000  – 10,000
  Total D 20,000  – 20,000
E Hostel Fee
  Accommodation

(Non-AC & twin occupancy)

30,250 30,250 60,500

 

  Mess Charges 34,650 34,650 69,300

 

  5% GST on Mess charges 1,733 1,733  3,466
  Total E  66,633  66,633 1,33,266

 

F Grand Total (Including refundable deposits)      
  All India Students (including Maharashtra students) & Industry/institutions sponsored candidates 2,22,633* 1,56,633 3,79,266*
  To be paid before 19-July-2021 01-Jan-22

Fee Structure for Foreign national /NRI /NRI Sponsored candidates

Sr. No. Particulars 1stInstalment Amount (Rs) 2ndInstalment Amount (Rs) Total (Rs)
A Admission Fees 3,000 3,000
B Tuition Fees      
Foreign national /NRI /NRI Sponsored candidates USD 5,000 or INR equivalent USD 5,000 or INR equivalent USD 10,000 or INR equivalent
C Other charges      
  Library ,book and study material 15,000  – 15,000
  Journal fee 6,000  – 6,000
  Development  fee 10,000  – 10,000
  Internet/IT facilities & Simulation Lab fee 10,000 10,000 20,000
  Outsourced services 10,000 10,000 20,000
  Student welfare 10,000  – 10,000
  Examination fees 10,000 10,000 20,000
  Alumni Association Fund 2,000  – 2,000
  Total C 73,000 30,000 1,03,000
D Refundable Deposits
  1. Library caution money 10,000  – 10,000
  2. Hostel and Mess 10,000  – 10,000
  Total D 20,000  – 20,000
E Hostel Fee
  Accommodation

(Non-AC & twin occupancy)

30,250 30,250 60,500

 

  Mess Charges 34,650 34,650 69,300

 

  5% GST on Mess charges 1733 1733 3,466
  Total E 66,633 66,633 1,33,266

 

F Grand Total (Including refundable deposits)      
  Foreign national/NRI/NRI Sponsored candidates USD 5000 or  INR equivalent + INR 162,633* USD 5000 or INR equivalent + INR 96,633 USD 10000 +  INR 2,59,266*
  To be paid before 19-July-2021 01-Jan-22

Scholarship for Foreign national/NRI/NRI Sponsored students:

Scholarship of upto 30% of the tuition fee, based on merit and nationality of the students are in place

1.Merit based Scholarship:

Foreign national/NRI/NRI Sponsored students who have secured more than 70 percent in the LL.B. or equivalent examination are eligible for scholarship as per the chart mentioned below

Percentage(%) in LLB  of equivalent examination Percentage (%) concession in tuition Fee
>= 70% but <80% 10%
>= 80% but <90% 20%
>= 90% 30%

For availing this scholarship, it is mandatory for students to submit a valid mark sheet of the LL.B. or equivalent examination. In case, where Institute/ Universities offer grade points/ CGPA, students have to provide the percentage equivalence certificate issued by the Registrar/Controller of Examination of the Institute/University. If required, students with a graduation degree (LL.B. or equivalent examination) from a foreign University may be asked to submit the equivalence certificate from Association of Indian Universities (AIU).

2.Nationality based scholarship:

The citizens of SAARC countries, Latin American countries and African countries are eligible for nationality based scholarship of 30% of the tuition fee amount. The students applying for scholarship under this category have to produce valid documents in support of their nationality.

A student can apply for scholarship only under one of the above mentioned scholarship categories.

The concession as applicable will be provided in the 2nd Instalment of fee. The student has to pay the full 1st Instalment fee.

# Twin Occupancy non-AC accommodation

The students have an option to upgrade the accommodation in three different types subject to payment of incremental fee for upgraded accommodation and subject to availability. The charges for the upgraded rooms are as under

Room Type Occupancy Charges    (INR)
AC Twin 82,500
Non AC Single 82,500
AC Single 1,04,500

Educational Loan

LL.M programme has been enlisted on Vidya Lakshmi portal for helping students in seeking educational loan from banks directly.

Refund Policy

Fee refund policy will be as per UGC/MNLU guidelines as may be applicable.

Eligibility Norms

An LL.B. Degree or an equivalent examination with a minimum of Fifty percent (50%) of marks or its equivalent grade in case of candidates belonging to General/OBC/PWD/NRI/PIO/OCI categories and Forty-Five percent (45%) of marks or its equivalent grade in case of candidates belonging to SC/ST categories. Candidates appearing /awaiting results of the qualifying examination in May/June 2021 can also apply and appear in the Admission Process. However, such candidates shall have to obtain the requisite eligibility by the cut-off date which will be notified along with the notification of admission results. Candidate who is placed in compartment in the year of the admission would be treated as ineligible.

Eligibility for Industry/ institutions sponsored Candidates

Industry/institutions sponsored Candidates: The candidates who are working with the Regulators (SEBI, RBI, PFRDA, IRDA, IBBI, CCI, etc.), Market Infrastructure Institutions (NSE, BSE, MCX, NSDL, CDSL etc.), Banks and Financial Institutions, Securities Market Intermediaries, Government Departments, Judiciary and Advocates for a period of three years and above are eligible to apply under this category. The other criteria regarding the eligibility for admission for the industry/institutions sponsored candidates will be the same as applicable to the other candidates.

Selection Criteria

All the candidates (including the Industry/ Institutions sponsored and the Foreign national/NRI/NRI sponsored candidates) will be selected based on their performance in Online Interview.

Application Fee: Rs. 1,000/-

How to Apply?

1.New user need to click on http://slims.nism.ac.in/

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 1,000 online.

Announcement of Selected Candidates

The selected candidates will be intimated via e-mail. Selected candidates would be required to pay the token money and remaining part of first instalment of fees within the due date mentioned therein.

Provisional admission offered to selected candidates who do not pay the fees on or before the stipulated date would automatically stand cancelled.

Important Dates

S. No. Particulars Date
01 Start Date for Application 12th March 2021
02 Last Date for Application 13th May 2021
03 Dates of online interviews 14th June 2021 to 20th June 2021
04 Declaration of 1st Merit List 28th June 2021
05 Declaration of 2nd Merit List 5th July 2021
06 Declaration of 3rd Merit List 12th July 2021
08 Last date for payment of fee 19th July 2021
09 Commencement of Program 2nd August 2021

Frequently Asked Questions

FAQs

  • Mr. S.K. Mohanty

    (Whole Time Member-Securities and Exchange Board of India (SEBI) & Director)
  • Mr. Sunil Jayawant Kadam

    Registrar, NISM
  • Dr. V.R. Narasimhan

    Dean & Professor of Practice (School for Securities Education (SSE),School for Regulatory Studies and Supervision (SRSS) & School for Corporate Governance (SCG))
  • Dr. Nitin Tike

    General Manager - Certification, Test and CPE Administration, Controller of Examinations Unit
  • Dr. Rachana Baid

    Professor, HOD (School for Securities Education), NISM
  • Dr. Latha Chari

    Associate Professor (School for Securities Information and Research (SSIR))
  • Dr. Jatin TRIVEDI

    Associate Professor (School for Securities Education (SSE) & (School for Securities Information and Research (SSIR))
  • Dr. Rajesh Kumar

    Associate professor and Program Director (LL.M. Program) , National Institute of Securities Markets, Mumbai
  • Dr. Narsimhulu Siddula

    Assistant Professor(School for Securities Education (SSE))
  • Dr. Pradiptarathi Panda

    Assistant Professor (School for Securities Information and Research (SSIR))
  • Dr. Hanish Kumar Sinha

    Professor of Practice, NISM
  • Dr. Kiran Rai,

    Associate Professor, MNLU, Mumbai
  • Prof. (Dr.) Anil G. Variath

    Registrar (I/C), MNLU, Mumbai
  • Prof. (Dr.) Dilip Ukey

    Vice – Chancellor, MNLU, Mumbai
  • Anand Shrivas

    Assistant Professor(Law), MNLU, Mumbai
  • Anand Raut, Mumbai

    Associate Professor of Law, MNLU, Mumbai

National Institute of Securities Market (NISM) is the institute which comes to the minds of the recruiters once the placement session starts. We focus not only on career-oriented growth but offer versatility. Our Faculty Team and Student Placement Committee are responsible for consistent growth in our placements record.

Today, graduating does not mean getting a degree certificate alone but equipping one with in-depth knowledge of the subject. NISM helps the students to achieve this by conducting various workshops, guest lectures and seminars. It has also become mandatory that the student instills skills and an important part of which is the Summer Internships which takes place in the month of April, every year.

The Institute is passionate towards grooming the students as the efficient professionals and are successful in assisting the placement by inviting Exchanges, Intermediaries, Brokers, Depositories, Law Firms, Merchant Bankers and many other market players.

Download Detailed LL.M. (Investment and Securities Laws) 2021-22 Prospectus



    Contact Us

    Helpdesk: +91 – 8268002412 (NISM) /
    022 – 25703187 (MNLU)

    Email: llm[at]nism[dot]ac[dot]in

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