This book covers all important topics of the functioning of merchant bankers.

This book also covers knowledge competencies related to understanding the financial structure in India and the importance of the different rules and regulations governing the Indian securities market.

The coverage of the book is as follows:

• Basic understanding of the Indian securities markets
• Various terminologies used in the issue management process
• The process of issue management and underwriting; general obligations and due diligence to be taken care of during the issue management process
• The role of merchant bankers in acquisitions, takeovers, buyback of securities, disinvestment etc.

This book will be handy for all those who want to learn about the various functional aspect of Merchant Bankers. It will also be helpful for the following persons involved in or dealing with:

• The investors, issuers, or clients of intermediaries
• Assets or funds of investors or clients
• Redressal of investor grievances
• Activities have a bearing on operational risk
• Maintain books and records pertaining to the above activities

The Present Publication is the May 2023 workbook version, published exclusively by Taxmann for NISM Certification Examination IX | Merchant Banking. The contents of the book are as follows:

• Introduction to Capital Market
• Introduction to the Merchant Banking
• Registration, Code of Conduct & General Obligations of Merchant Bankers in India
• Issue Management – Important Terms
• Issue Management – Process and Underwriting
• Issue Management – General Obligations of Merchant Bankers and Due Diligence
• Other Merchant Banking Activities – Mergers, Acquisitions & Takeovers
• Other Merchant Banking Activities – Disinvestment, Buyback of Equity Shares

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. he institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets. The institute’s six schools of excellence work in synergy towards professionalized securities markets.

The Six Schools of Excellence:

School for Securities Education (SSE)
School for Certification of Intermediaries (SCI)
School for Regulatory Studies and Supervision (SRSS)
School for Investor Education and Financial Literacy (SIEFL)
School for Corporate Governance (SCG)
School for Securities Information and Research (SSIR)