Sunday, 5 May 2013

EVOLUTION, GROWTH AND FUNCTIONS OF FINANCIAL SYSTEMS IN INDIA

Before the evolution of financial system in India, the capital market (where financial investments can be made) was not organised at all. There economy was dependent on industries.
There was rarely a case of public issue of shares for capital increase in market.

The following states the methods for public issue in market:

1. IPO - (initial public offer)

2. further issue of capital

3. Rights issue

4. offer of securities:
  • foreign partners
  • mutual funds
  • merchant bankers
  • NRI and overseas corporate bodies
  • employees
5. Offer to Public
6. Bonus issue

The four main legislation governing the securities market are:
a. The SEBI ACT, 1992
b. THE COMPANIES ACT,1956
c. THE SECURITIES CONTRACTS(REGULATION) ACT,1956
d. THE DEPOSITORIES ACT,1996




1 comments:

  1. very nice posting.....i got the very nice information for this blog thank you for sharing the message of this blog.....
    Pune Real Estate Brokers



    ReplyDelete

ShareThis