1. FUNCTIONS
1.1. 1.mobilisation of savings
1.2. 2.Price discovery
1.3. 3.Providing liquidity to financial assets
1.4. 4.Reducing cost of transaction
2. SEBI
2.1. ROLE
2.1.1. Issuer-provide a trustworthy market
2.1.2. Investor-protection of rights and provide accurate information
2.2. Intermediaries-provide a competitive market
2.3. OBJECTIVES
2.3.1. 1.Promote orderly functioning
2.3.2. 2.Protect rights of investors
2.3.3. 3.prevent trading malprctices
2.3.4. 4.regulate and develop fair code of conduct
2.4. FUNCTIONS
2.4.1. Regulatory
2.4.1.1. 1.Registraration of brokers
2.4.1.2. 2.Registration of collective investment schemes
2.4.1.3. 3.Regulation of brokers,portfolio exchanges etc
2.4.1.4. 4.takeover bids
2.4.1.5. 5.Conducting inspections
2.4.1.6. 7.Excercising power under Securitiees Contracts(regulation) act
2.4.1.7. 6.levying fee
2.4.2. Development
2.4.2.1. 1.Training intermediaries
2.4.2.2. 2.conducting reasearch
2.4.2.3. 3.develop capital markets
2.4.3. Protective
2.4.3.1. 1.prohibition of unfair trade prectices
2.4.3.2. 2.controlling insider training
2.4.3.3. 3.investor protection
2.4.3.4. 4.promote fair practices
3. Types
3.1. Money market
3.1.1. Treasury bill
3.1.1.1. 1.less than one year
3.1.1.1.1. RBI on behalf of the govt
3.1.2. commercial paper
3.1.2.1. 15 days to 1 year
3.1.2.1.1. Large and creditworthy companies
3.1.3. call money
3.1.3.1. 1 - 15 days
3.1.3.1.1. Banks
3.1.4. certificate of deposit
3.1.4.1. 7 days- 1year
3.1.4.1.1. commercial banks and developement financial institute
3.1.5. commercial paper
3.1.5.1. Mentioned in the bill
3.1.5.1.1. any creditor can issue
3.1.5.1.2. invite public through prospectus
3.2. Capital market
3.2.1. Primary
3.2.1.1. Offer through prospectus
3.2.1.2. Offer for sale
3.2.1.3. Private placement
3.2.1.4. Rights issue
3.2.1.5. e-IPos
3.2.2. Secondary
3.2.2.1. Market for sale of securities issued in the primary market
4. Stock exchange
4.1. FUNCTIONS
4.1.1. 1.Providing liquidity to existing securities
4.1.2. 2.Pricing of securities
4.1.3. 3.Safety of transaction
4.1.4. 4.Contributes to economic growth
4.1.5. 5.Spreading of equity cult
4.1.6. 6.Providing scope for speculation
4.2. Trading and settlement procedures
4.2.1. 1.approach a registered broker
4.2.2. 2.open a demat account with a depository participant
4.2.3. 3.place the order through broker
4.2.4. 4.broker will connect the stock exchange and match the share with best price
4.2.5. 5.order will be executed electronically
4.2.6. 6.Within 24 hrs contract note is isssued
4.2.7. 7.Deliver the share or pay cash (pay-in day)
4.2.8. 8.Broker gives to the buyer and takes from the seller
4.2.9. 9.pay-out day- When the delievery takes place
4.2.10. 10.delivery is made in the demat account