Curriculum (Merchant Banking)

NISM Series IX: Merchant Banking Certification Examination

Curriculum

Chapter 1: Introduction to Capital Market
A. Introduction to Capital Market

Chapter 2: Introduction to the Merchant Banking
A. Concept and Evolution of Merchant Banking
B. Merchant Banking in India
C. Regulatory Framework for Merchant Bankers in India

Chapter 3: Registration, Code of Conduct & General Obligations of Merchant Bankers in India
A. Introduction
B. Registration of Merchant Bankers
C. Code of Conduct for Merchant Bankers
D. General obligations and Responsibilities
E. Redressal of Investor Grievances and SCORES

Chapter 4: Issue Management – Important Terms
A. Understand the various terms related to Offering

Chapter 5: Issue Management – Process and Underwriting
A. Issue Management
B. Obligations Relating to Issues
C. Pricing of Issue
D. Underwriting
E. Issuance Conditions and Procedures
F. Minimum Subscription
G. Allotment, Refund and Payment of Interest
H. Post Issue Functions, Reporting and Compliance

Chapter 6: Issue Management – General Obligations of Merchant Bankers and Due Diligence
A. General Obligations of Merchant Bankers with regards to Issue Management
B. Preferential Issue
C. Qualified Institutional Placement
D. Rights issue
E. Indian Depository Receipts

Chapter 7: Other Merchant Banking Activities-Mergers, Acquisitions & Takeovers
A. Mergers, Acquisitions & Takeovers
B. SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Chapter 8: Other Merchant Banking Activities – Disinvestment, Buyback of Equity Shares
A. Disinvestment
B. Role of Merchant Banker in Buy back of Equity Shares
C. Role of Merchant Banker in Delisting of Shares
D. Role of Merchant Bankers in Issue and Listing of Debt Securities
E. Role of Merchant Banker in Share Based Employee Benefits
F. Role of Merchant Banker in cases where exit opportunity is required to be given to dissenting shareholders
G. Role of Merchant Banker in Issue of Securities by SME