NISM-Series-IX: Merchant Banking Certification Examination
The NISM-Series-IX: Merchant Banking Certification Examination is designed to establish a common minimum knowledge benchmark for employees working with SEBI-registered Merchant Bankers. This certification is essential for professionals involved in various SEBI-regulated functions such as IPOs, FPOs, Open Offers, Buy-backs, and Delisting. The examination aims to ensure that individuals performing these roles have a solid understanding of the processes and regulatory environment in which Merchant Bankers operate.
Examination Objectives of NISM-Series-IX: Merchant Banking Certification
Upon successful completion of the NISM-Series-IX: Merchant Banking Certification Examination, candidates will:
- Understand the Basics: Gain a foundational knowledge of Merchant Banking in India.
- Comprehend Key Functions: Learn about the functioning of Merchant Bankers in relation to Issue Management, Substantial Acquisition of Equity Shares, Buyback of Equity Shares, and Delisting of Shares.
- Know the Regulatory Environment: Understand the regulatory framework governing Merchant Bankers in India.
Who Can Take the NISM-Series-IX: Merchant Banking Certification Examination?
The NISM-Series-IX: Merchant Banking Certification Examination is ideal for:
- Merchant Banking Professionals: Employees working with SEBI-registered Merchant Bankers who are involved in regulatory functions related to IPOs, FPOs, and other capital market activities.
- Compliance Officers: Professionals responsible for ensuring compliance with SEBI regulations within Merchant Banking operations.
- Risk Management Professionals: Those involved in managing operational risk in Merchant Banking.
- Financial Advisors: Advisors dealing with investors, issuers, or clients in the capital markets.
- Students and Graduates: Individuals looking to start a career in Merchant Banking and seeking to gain a recognized certification.
Benefits of Passing the NISM-Series-IX: Merchant Banking Certification Examination
Passing the NISM-Series-IX: Merchant Banking Certification Examination offers several key benefits:
- Career Advancement: This certification is recognized by the industry and is essential for those looking to work in Merchant Banking, ensuring compliance with SEBI regulations.
- Enhanced Credibility: Holding this certification demonstrates your knowledge and understanding of the regulatory and operational aspects of Merchant Banking.
- Regulatory Compliance: The certification ensures that you meet the regulatory requirements set by SEBI for professionals working in Merchant Banking.
- Professional Growth: The certification provides a solid foundation in Merchant Banking processes, risk management, and regulatory frameworks, which is crucial for career advancement.
Assessment Structure of NISM-Series-IX: Merchant Banking Certification Examination
The NISM-Series-IX: Merchant Banking Certification Examination consists of 100 multiple-choice questions, each worth 1 mark. The examination duration is 2 hours, and a passing score of 60% is required. There is a negative marking of 25% for each incorrect answer.
| Aspect |
Details |
| Number of Questions |
100 |
| Question Type |
1 mark per question |
| Total Marks |
100 marks |
| Duration |
2 hours |
| Passing Score |
60% (60 marks out of 100) |
| Negative Marking |
25% deduction for each incorrect answer |
How to Register and Take the NISM-Series-IX: Merchant Banking Certification Examination
To register for the NISM-Series-IX: Merchant Banking Certification Examination, candidates should visit the official NISM website at www.nism.ac.in. Detailed information regarding the registration process, exam schedules, and preparation resources is available on the website.
Important Information for NISM-Series-IX: Merchant Banking Certification Examination
- Software Proficiency: Test centers are equipped with workstations that have either Microsoft Excel or OpenOffice Calc. Candidates should be proficient in using these tools for numerical computations during the exam.
- Practice Questions: Attempt the NISM-Series-VIII: Equity Derivatives mock test on MyOnlinePrep and ensure your success with thorough practice.
This certification is crucial for anyone looking to build a career in Merchant Banking, as it ensures that professionals have the necessary knowledge and skills to operate within the regulatory framework of the Indian capital markets.
Preparation Strategy for NISM-Series-IX: Merchant Banking Certification Examination
To effectively prepare for the NISM-Series-IX: Merchant Banking Certification Examination, consider the following strategies:
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Understand the Syllabus: Start by thoroughly reviewing the syllabus provided by NISM. Focus on key topics such as Issue Management, Substantial Acquisition of Equity Shares, Buyback of Equity Shares, and Delisting of Shares, as these are crucial for the exam.
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Use Official Study Materials: Utilize the official NISM study materials, which are designed to cover the syllabus comprehensively. These materials are essential for building a strong foundation in Merchant Banking concepts and regulations.
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Practice with Mock Tests: Regularly take mock tests to familiarize yourself with the exam format and time constraints. Platforms like MyOnlinePrep offer mock tests tailored to the NISM-Series-IX exam, helping you assess your knowledge and identify areas for improvement.
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Review Sample Questions: Go through the sample questions provided in the study materials. Practicing these questions will give you a clear understanding of the types of questions that may appear in the exam.
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Regular Revision: Consistent revision is key to retaining the concepts you’ve learned. Set aside dedicated time to revisit important topics regularly to reinforce your understanding.
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Stay Updated: Keep yourself informed about the latest developments in the Merchant Banking domain, including changes in SEBI regulations and market practices. This knowledge can be valuable during the exam.
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Join Study Groups: Consider joining study groups or online forums where you can discuss topics, share resources, and clear doubts with peers who are also preparing for the exam. Collaborative learning can provide new insights and enhance your understanding.
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Time Management: During your preparation, practice managing your time effectively. This will help you ensure that you can answer all questions within the allotted time during the exam.
Syllbus for NISM-Series-IX: Merchant Banking Certification Examination
| Unit No. |
Chapter Name |
Topic Name |
| Chapter 1 |
Introduction to Capital Market |
Introduction to Capital Market |
| Capital Market |
| Products in Indian Securities Market |
| Participants in Indian Securities Market |
| Regulators in Indian Securities Market |
| Role of Investment Banker in Private Equity |
| Chapter 2 |
Introduction to the Merchant Banking |
Concept and Evolution of Merchant Banking |
| Merchant Banking in India |
| Regulatory Framework for Merchant Bankers in India |
| Chapter 3 |
Registration, Code of Conduct & General Obligations of Merchant Bankers in India |
Introduction |
| Registration of Merchant Bankers |
| Code of Conduct for Merchant Bankers |
| General Obligations and Responsibilities |
| Redressal of Investor Grievances and SCORES |
| Chapter 4 |
Issue Management – Important Terms |
Understand the Various Terms Related to Offering |
| Issue Management |
| Chapter 5 |
Issue Management - Process and Underwriting |
Issue Management |
| Obligations Relating to Issues |
| Pricing of Issue |
| Underwriting |
| Issuance Conditions and Procedures |
| Minimum Subscription |
| Allotment, Refund and Payment of Interest |
| Post Issue Functions, Reporting and Compliance |
| Chapter 6 |
Issue Management - General Obligations of Merchant Bankers and Due Diligence |
General Obligations of Merchant Bankers with Regards to Issue Management |
| Preferential Issue |
| Qualified Institutional Placement |
| Rights Issue |
| Indian Depository Receipts |
| Due Diligence |
| Chapter 7 |
Other Merchant Banking Activities - Mergers, Acquisitions & Takeovers |
Mergers, Acquisitions & Takeovers |
| SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 |
| Regulations on Mergers and Acquisitions |
| Chapter 8 |
Other Merchant Banking Activities - Disinvestment, Buyback of Equity Shares |
Disinvestment |
| Role of Merchant Banker in Buyback of Equity Shares |
| Role of Merchant Banker in Delisting of Shares |
| Role of Merchant Bankers in Issue and Listing of Debt Securities |
| Role of Merchant Banker in Share Based Employee Benefits |
| Role of Merchant Banker in Cases Where Exit Opportunity is Required to be Given to Dissenting Shareholders |
| Role of Merchant Banker in Issue of Securities by Small and Medium Enterprises (SME) |
| Role of Merchant Banker in Alternative Investment Funds |
FAQs for NISM-Series-IX: Merchant Banking Certification Examination
Q1: Who should take the NISM-Series-IX: Merchant Banking Certification Examination?
A1: This exam is ideal for professionals working with SEBI-registered Merchant Bankers, including employees involved in IPOs, FPOs, Open Offers, Buy-backs, and Delisting, as well as compliance officers, risk management professionals, financial advisors, and students looking to start a career in Merchant Banking.
Q2: What are the eligibility criteria for the NISM-Series-IX exam?
A2: There are no strict educational prerequisites for this certification, making it accessible to a wide range of candidates, particularly those working in or aspiring to work in Merchant Banking.
Q3: What are the benefits of passing the NISM-Series-IX: Merchant Banking Certification Examination?
A3: Passing this exam enhances your professional credibility, opens up career opportunities in Merchant Banking, ensures compliance with SEBI regulations, and provides a solid foundation in Merchant Banking operations and regulatory frameworks.
Q4: What is the structure of the NISM-Series-IX exam?
A4: The exam consists of 100 multiple-choice questions, each worth 1 mark, to be completed in 2 hours. A passing score of 60% is required, with a negative marking of 25% for each incorrect answer.
Q5: How should I prepare for the NISM-Series-IX: Merchant Banking Certification Examination?
A5: Prepare effectively by reviewing the syllabus, using NISM study materials, practicing with mock tests, regularly revising key concepts, and staying updated on industry trends and SEBI regulations.
Q6: How do I register for the NISM-Series-IX exam?
A6: You can register for the exam by visiting the official NISM website at www.nism.ac.in, where you'll find detailed instructions on the registration process.
Q7: What skills will I gain from the NISM-Series-IX certification?
A7: You will gain a comprehensive understanding of Merchant Banking in India, including the regulatory environment, issue management, and risk management processes. This knowledge is crucial for a successful career in Merchant Banking.
Q8: Are there study resources available to help with exam preparation?
A8: Yes, NISM provides official study materials, and platforms like MyOnlinePrep offer mock tests and additional resources to aid in your exam preparation
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