(NISM)

The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. The institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets.

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A Round Table on Corporate Bonds: Issuers’ Issues was organized on January 22, 2013 New Delhi. It was attended by over 65 participants. It has been 8 years since the RH Patil Committee made its recommendations for the development of a corporate bond market in India. Some progress has been made on the implementation these recommendations, while some other constraints remain. This Round Table provided an interactive forum for understanding the factors that constrain issuers of corporate bonds, with the objective of creating an enabling environment. The forum included regulators, government officials, investors and market intermediaries. Aspects covered included the perspectives of the Government, SEBI, RBI, Issuers, Investors, Intermediaries, Bank-loans versus Bonds, Taxation and the Companies Act. Based on the discussions, matters that can be addressed in the short-term need to be highlighted and prioritized.

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