A two day workshop on “Indian Securities Market” jointly organised by CMS-NALSAR and ICSI kicked off

The rate of savings and investment in financial markets determine the pace of economic growth: Dr. Faizan Mustafa, Vice Chancellor of NALSAR

Increased Investor awareness and greater transparency in market transactions are crucial in making ‘The Securities Markets’ mainstream Dr. Faizan told the gathering.

Hyderabad, February 11, 2017….. A two day workshop on “Indian Securities Market” jointly organised by CMS-NALSAR AND The Institute of Company Secretaries of India(ICSI) kicked off here in city today at NALSAR premises and will continue tomorrow as well.

Dr. Faizan Mustafa, (Vice Chancellor), Dr. Balakista Reddy (The Registrar) of Nalsar University of Law, Mr.V.S Sundaresan, CGM, SEBI, CS V. Ahalada Rao, Central Council Member-ICSI and CS R Venkata Ramana – Chairman ICSI Hyderabad Chapter have graced the inaugural function.

Addressing the gathering Dr. Faizan Mustafa, Vice Chancellor of NALSAR said, that the workshop was an attempt to reiterate the significance of a very vital segment of the economy, the securities market.

Speaking further he added that “It is an accepted notion that developing nations like India have all the right enablers to stimulate rapid growth and inclusive development. While structural bottlenecks are an impediment, shallow investing capabilities are also a major concern. The entrepreneurial aspirations and favourable demographic profile of the nation are not employed productively due to bottlenecks in access to capital”

These hindrances to investment are primarily due to sub-optimal utilization of the existing financial system to channelize household savings into investable capital. The role of banks and the securities markets in financing the economic growth of the nation cannot be emphasised enough in this regard Dr. Faizan said.

In simple terms, Dr. Faizan added that the rate of savings and investment in financial markets determine the pace of economic growth.

Given the allocation efficiencies and potential to yield higher returns to the stake holders, the Securities Markets’ would be a better bet over banks for channelizing saving into investments, Dr. Faizan explained.

Increased Investor awareness and greater transparency in market transactions are crucial in making ‘The Securities Markets’ mainstream Dr. Faizan told the gathering.

In the current market scenario, technology pervasiveness has facilitated dematerialization, e- trading of securities, evolved risk management systems, and robust clearing corporations. This, along with increasing investor awareness, has created a favourable environment for larger retail participation, active derivatives market, and a robust mutual fund industry Dr. Faizan said

Having said that, the markets are not entirely without risk given the technology innovations, increasing complexity in financial instruments and market strategies by key market players.Hence, the role and importance of SEBI as the autonomous statutory regulator of financial markets becomes paramount, Dr. Faizan added.

In the two decades of its existence, SEBI has accomplished a fair bit in achieving its twin objectives: the protection of investors’ interests and the development & regulation of the Indian securities markets Dr. Faizan told the gathering.

Given its systemic and regulatory evolution Dr Faizan explained, it is envisaged that ‘The Securities Markets’will play a major role in economic growth going forward; therefore the mantle of execution lies with you – corporate and service professionals engaged at various levels in this sector.

Given the policy emphasis on financial inclusiveness and recent government action on this front (Jan Dhan, Demonetization, relaxation in income tax slabs), Dr Faizan said, that he believes that the time was right for professional bodies like the ICSI, ICAI and academic Institutions like us to join hands and promote financial awareness amongst the general public.

We also need to equip professionals on the intricacies of the procedures and operations in the Indian securities market. That precisely is the objective of this two-day workshop in which distinguished leaders from both the corporate and regulatory world will share their experience and expertise with us he said.

The Workshop was aimed at equipping corporate professionals such as Company Secretaries, Lawyers, Chartered Accountants, Cost Accountants and management executives on the intricacies of the procedures and operations in the Indian securities market.

The topics covered in the workshop include financial and regulatory aspects of the ‘Indian Securities Market’ like IPO, engagement of merchant bankers, compliances, corporate governance, trading and settlements, corporate restructuring and market abuses.

Industry leaders, experts such as V. Ganesh, CEO, Karvy Group; V.S. Sundaresan, CGM, SEBI; CS Pavan Kumar Vijay, Past President ICSI; Suprapath Lala, Vice President – NSE; CS Savithri Parekh, CS Narayan Shankar; CS Mr. G Raghu Babu shared their experience and expertise with the participants

For more details, media may contact: CA Praveen M, Convener, Corporate Interface, Assistant Professor of Management, Centre for Management Studies. NALSAR University of Law, Mobile: 90001 18804