Sunday, June 25, 2023

Who are the market players?

Investors: Retail or individual investors, Partnership/HUF, Societies and Trusts, Companies, Mutual Funds, Financial Institutions and Foreign Institutional Investors 

Issuers of Securities: Companies (Promoters), Corporate Bodies Government and Mutual Funds, Banks 

Intermediaries: Investment Bankers (Lead Manager), Registrar to an Issue, Bankers to an Issue, Credit Rating Agencies and Depositories

Regulators: RBI, SEBI, Ministry of Company Affairs 

Appellate Tribunals: SAT, National Company’s Law Appellate Tribunal 

Apart from these, each companies appoints legal counsel and auditors who are not referred as intermediaries. Their work includes conducting due diligence, drafting legal parts of the prospectus, various agreements and providing legal opinion and assistance in closing the issue.

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