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Examination Objectives:

On successful completion of the examination the candidate should:

  • Know the role and responsibilities of a Compliance officer of a listed company
  • Understand the various avenues for raising funds from the Indian and global market and the various compliance requirements for the same
  • Know the laws and regulations that need to be adhered to by a public company with respect to issues, corporate actions, and day to day compliance requirements.
  • Know the various penalties for non-compliance with regulations and requirements as specified in various Regulations

 

Test Details

Name of Module: NISM-Series-III-B: Issuers Compliance Certification Examination

Fees (Rs.)

Test Duration (in minutes)

No. of Questions

Maximum Marks

Pass Marks* (%)

Certificate # Validity (in years)

1770+

120

100

100

60

3

*: Negative marking – 25% of the marks assigned to the question

+Payment gateway charges extra.

# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.

 

NISM Issuers Compliance Syllabus

 

I. Introduction to Indian Capital Market

A. Understand the Capital Market Structure in India and Role of Capital Market
B. Discuss the Regulatory Framework in India

II. Understand the Capital Market Regulations

A. Know the SEBI Act, 1992
B. Know the Companies Act 1956,
C. Know the Securities Contracts (Regulation) Act, 1956
D. Know the Listing Agreement
E. Know the Foreign Exchange Management Act, 1999 (FEMA)
F. Know the Prevention of Money Laundering Act, 2002 (PMLA)
G. Know the The Competition Act, 2002
H. Know the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (SEBI(ICDR))
I. Know the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
J. Know the SEBI (Buy Back of Securities) Regulations, 1998
K. Know the SEBI (Prohibition of Insider Trading) Regulations, 1992
L. Know the SEBI (Intermediaries) Regulations, 2008
M. Know the SEBI (Delisting of Equity shares), Regulations, 2009
N. Know the SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999
O. Know the Companies (Issue of Indian Depository Receipts) Rules, 2004 (IDR Rules)
P. Know the SEBI (Issue of Sweat Equity) Regulations, 2002

III. Discuss the role of Compliance Officer

A. Understand the appointment of Compliance Officer
B. Know the Role of Compliance Officer
C. Learn about the Responsibilities of a Compliance Officer
D. Discuss the Reporting requirements

IV. Understand how to Raise Capital from the market

A. Why raise money from the market
B. Learn about the Evolution of Public Issues
C. Know the ways of Raising money

V. Understand the Role of Compliance Officer in IPO

A. Planning an IPO
B. General Obligations during Public Issue
C. Marketing the Issue
D. Application Supported by Blocked Amount (ASBA)
E. Allotment of Shares
F. Listing with Stock Exchanges
G. Post Issue Compliances

VI. Understand the Role of Compliance Officer in other public Issues

A. Further Public Offer
B. Rights Issue
C. Bonus Issue
D. Employee Stock Option Plan (ESOP)
E. Sweat Equity
F. Private Placement
G. Indian Depository Receipts (IDR)

VII. Know about the ways to Raise money from foreign market

A. Learn about American Depository Receipt (ADR) / Global Depository Receipt (GDR)
B. Learn about Foreign Currency Convertible Bonds (FCCB)

VIII. Understand about Corporate Actions

A. Know the Related laws and process

IX. Know about the Ongoing Compliance Requirements

A. Reports to be submitted as per Listing Agreements
B. Compliances under the SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
C. Compliances under the SEBI ( Prohibition of Insider Trading) Regulations, 1992
D. Appellate Tribunal
E. Scores system for investor grievance

X. Additional Read: SAT Cases