CS Executive Capital Market & Securities Laws study guide
CS Executive Capital Market & Securities Laws · Work through your exam, one topic at a time.
CS Executive Capital Market & Securities Laws is one of the elective papers in the Executive Programme of the Company Secretary qualification administered by the Institute of Company Secretaries of India (ICSI). It suits candidates who already have a grasp of company law and want to work at the intersection of compliance, listing obligations and securities-market regulation - roles in listed companies, registrar and transfer agents, brokerages, merchant bankers, depository participants, or compliance and legal teams. The CS Executive Capital Market & Securities Laws study guide has 10 sections and about 3,374 words.
01Capital Markets: Structure, Participants and Instruments
This domain tests how the Indian securities market is organised: who issues and invests, which intermediaries sit between them, how instruments are classified, and where regulatory jurisdiction lies. The exam expects you to distinguish primary from secondary markets and capital from money markets, and to place each participant in the chain.
318 words, about 2 min02Primary Markets: IPOs, FPOs, Rights Issues and Disclosure
Primary-market questions test the legal route for raising capital, the documents investors receive, and the distinction between IPO, FPO, rights issue, preferential allotment and QIP. The governing framework includes the Companies Act, 2013 and SEBI ICDR Regulations.
361 words, about 2 min03Secondary Markets: Exchanges, Trading, Clearing and Settlement
Secondary-market questions test how orders become trades and how trades become settled obligations. You need the exchange, broker, clearing corporation, clearing member and depository roles, plus the settlement cycle.
315 words, about 2 min04Market Intermediaries and Regulatory Registration
This domain covers who must register with SEBI, what each intermediary may do, and the conduct, capital and reporting obligations that continue after registration. It is about regulatory perimeter, not product knowledge.
340 words, about 2 min05Securities Contracts (Regulation) Act, 1956
The Securities Contracts (Regulation) Act, 1956 is the parent statute for recognised stock exchanges, contracts in securities and derivatives. The exam tests definitions, the recognition regime, when contracts are legal, and the relationship with SEBI.
359 words, about 2 min06SEBI Act, 1992: Powers, Functions and Enforcement
The SEBI Act, 1992 questions test SEBI’s statutory mandate, the breadth of its powers and the limits of its enforcement machinery. SEBI is a statutory regulator with quasi-legislative, quasi-executive and quasi-judicial functions.
336 words, about 2 min07Depositories Act, 1996 and Dematerialisation
The Depositories Act, 1996 created the legal basis for holding securities in electronic form. Questions test the depository–participant–beneficial owner chain, dematerialisation, transfer, pledge and the rights of the beneficial owner.
329 words, about 2 min08Investor Protection, Grievance Redressal and Insider Trading
This domain combines investor grievance machinery with the prohibition on insider trading. The exam tests the SCORES/ODR route, investor protection funds, and the insider-trading concepts of UPSI, connected person, trading window and disclosure.
331 words, about 2 min09Takeovers, Buy-backs and Corporate Restructuring
This domain tests the boundary between control transactions and ordinary corporate actions. You must know the SAST open-offer triggers, buy-back methods and limits, and the restructuring routes that change capital structure.
344 words, about 2 min10Mutual Funds, Collective Investment Schemes and AIFs
This domain tests pooled-investment vehicles: mutual funds, collective investment schemes and alternative investment funds. The exam expects you to distinguish the three regimes, identify the parties, and know the core investor-protection rules.
341 words, about 2 min