REGULATION OF MUTUAL FUNDS IN INDIA

·         REGULATIONS OF MUTUAL FUNDS IN INDIA

·         FINANCIAL SERVICES AND MARKETS

·         DR SHASHI AGAGRWAL

·         REGULATIONS OF MUTUAL FUNDS

1.       REGULATED BY THE SECURITIES AND EXCHANGE BOARD OF INDIA

2.       IN 1996,SEBI FORMULATED  THE MUTUAL FUNDS REGULATIONS

3.       ALONG WITH SEBI,MUTUAL FUNDS ARE REGULATED BY RBI,COMPANIES ACT,STOCK EXCHANGE,INDIAN TRUST ACT AND MINISTRY OF FINANCE.

4.       IN ORDER TO PROVIDE A GUARANTEED RETURN SCHEME, MUTUAL FUNDS NEEDS TO TAKE APPROVAL FROM RBI

PRIMARY MARKET VS SECONDARY MARKET

• PRIMARY MARKET AND SECONDARY MARKET

FINANCIAL SERVICES AND MARKETS

DR SHASHI AGGARWAL

•   PRIMARY MARKET

1.       A MARKET WHERE NEW SECURITIES ARE BOUGHT AND SOLD FOR THE FIRST TIME IS CALLED THE NEW ISSUE MARKET OR THE IPO MARKET

2.       THE PRIMARY MARKET ALSO INCLUDES ISSUE OF FURTHER CAPITAL BY COMPANIES WHOSE SHARES ARE LISTED ON THE STOCK EXCHANGE.

3.       FUNDS ARE COLLECTED AND SECURITIES ARE ISSUED DIRECTLY BY THE COMPANY TO THE INVESTORS

4.       PRIMARY ISSUES ARE CARRIED OUT BY THE COMPANIES FOR THE PURPOSE OF INCEPTION AND FUNCTIONING OF BUSINESS.

5.       PRIMARY MARKET

6.       DIFFERENT TYPES OF INTERMEDIARIES OPERATING IN THIS SEGMENTS

7.       PLAY A CRUCIAL ROLE IN THE DEVELOPMENT OF CAPITAL MARKET

MEANING,TYPES AND BENEFITS OF LISTING OF SECURITIES

SECURITIES CONTRACT REGULATIONS ACT,1956 1

• SECURITIES LAWS AND CAPITAL MARKETS
  SECURITIES CONTRACT REGULATIONS ACT,1956

• INTRODUCTION

1. THE SECURITIES CONTRACT ( REGULATIONS ) ACT PROVIDE FOR DIRECT AND INDIRECT CONTROL OF ALL ASPECTS OF THE SECURITIES TRADES INCLUDING THE RUNNING OF STOCK EXCHANGE WHICH AIMS TO PREVENT UNDESIRABLE TRANSACTION IN  SECURITIES BY REGULATING THE BUSINESS OF DEALING THEREIN.
2. THE SECURITIES CONTRACT ( REGULATIONS ) ACT GIVES POWERS TO CENTRAL GOVERNMENT BUT MOST OF THE POWERS HAVE BEEN DELEGATED TO SEBI