About LL.M. Program
The LL.M. program in Investment and Securities Laws is an advanced program of legal study that is customized to the needs of the students and working legal professionals. Having committed to provide the highest quality of education in the field of securities markets, the NISM has entered into collaboration with India’s premier Law University, Maharashtra National Law University, Mumbai (Hereinafter referred as MNLU) for offering this LL.M. program in Investment and Securities Laws. This specialized LL.M. program, designed primarily for the law students intending to work in the financial markets, offers full-time, intensive academic training in the legal regulation of securities and investments in India.
In line with our mission for the academic excellence, the course offers depth of background in a broad array of topics arising out of the corporate law and securities regulation topics including the regulation of issuance of securities, secondary trading of securities, market regulation, enforcement issues, corporate finance, investment by a person resident outside India, investment advisers, derivatives, regulation of banking and financial institutions, competition law and insolvency laws. This course offers an introduction to the three most important securities laws: The Securities Contract Regulation Act of 1956, Securities Exchange Board of India Act of 1992 and the Depositories Act of 1996. The course also explores the scope of more than 39 regulations framed by SEBI and its impact on structured growth of securities markets in India. The course also focusses on learning the tools of documentation related to the securities market transactions, which would be helping in understanding the nature of disputes that arise in a financial market.
The program will be delivered by the expert faculty members drawn from both NISM and MNLU. The course will also engage some of the nation’s leading advocates in the field of corporate law and securities laws, as well as officers from various financial services regulators, whose work is oriented more toward practice and the profession, as visiting faculty. The Institute also invites from time to time professors of the foreign universities and financial market experts of other countries to take guest lectures.
LL.M. students are required to be in residence at NISM during the full one academic year. The course also offers practical SMART lab training to the students to make them understand various processes and use of the technology in the securities markets.
Dedicated to enhancing an interdisciplinary legal and securities market education for the academic community, as well as for experienced legal and business practitioners related to financial markets, the course provides a scope to the sharpening of skills and learning the tools to be an effective business lawyer.
Program Architecture
Trimester 1
Paper | Paper Title | Credits | Marks |
---|---|---|---|
General paper -1 | Research Methods | 3 | 100 |
General Paper-2 | Law and Justice in a Globalized World | 3 | 100 |
General Paper-3 | Comparative Public Law and Governance | 3 | 100 |
General Paper 4 | An Overview of Securities Markets
( Foundational topics along with SMART Lab) |
2 | 100 |
Trimester 2
Paper | Paper Title | Credits | Marks |
---|---|---|---|
Special -1 |
Company Law ( Advance concepts related to Legal setting of Corporate Finance, Management and Governance) |
2 |
100 |
Special -2 | Securities Regulations-1 | 2 | 100 |
Special-3 | Competition Law and Policy | 2 | 100 |
Trimester 3
Paper | Paper Title | Credits | Marks |
---|---|---|---|
Special -4 | Banking and Insurance | 2 | 100 |
Special-5 |
Investment Laws (Covering Securities Regulations-2) and Laws related to Foreign investment( FEMA Act, 1999, Joint venture, Foreign collaboration and others) |
2 |
100 |
Special-6 | Law of Insolvency and Bankruptcy | 2 | 100 |
Dissertation and internship/ field research/ project
Paper | Paper Title | Credits | Marks |
---|---|---|---|
Special -7 | Dissertation | 5 | 200 |
Special-8 | Professional Certifications (Four Certifications)* | 2 | 100 |
Total number of credits | 30 | 1300 |
* The students of LL.M. shall have to complete the following certifications during their course of study, as these certifications are part of the academic requirements of this program:
- NISM-Series-VII: Securities Operations and Risk Management Certification Examination (to be completed during the 1st trimester)
- NISM-Series-VI: Depository Operations Certification Examination (to be completed during the 1st trimester)
- NISM-Series-V-B: Mutual Fund Foundation Certification Examination (to be completed during the 2nd trimester)
- NISM-Series-VIII: Equity Derivatives Certification Examination (to be completed during the 2nd trimester)
Students of LL.M. shall register and enrol for these certifications at their own cost and must submit the passing certificates before the specified timelines in order to fulfil their course completion requirements.
Admission Procedure
Eligibility Norms
An LL.B. Degree or an equivalent examination with a minimum of Fifty percent (50%) of marks or its equivalent grade in case of candidates belonging to General/OBC/PWD/NRI/PIO/OCI categories and Forty-Five percent (45%) of marks or its equivalent grade in case of candidates belonging to SC/ST categories. Candidates appearing /awaiting results of the qualifying examination in May/June 2023 can also apply and appear in the Admission Process. However, such candidates shall have to obtain the requisite eligibility by the cut-off date, which will be notified along with the notification of admission results. Candidate who is placed in compartment in the year of the admission would be treated as ineligible.
Eligibility for Industry/ institutions sponsored Candidates
Industry/institutions sponsored Candidates: The candidates who are working with the Regulators (SEBI, RBI, PFRDA,IRDA, IBBI, CCI, etc.), Market Infrastructure Institutions (NSE, BSE, MCX, NSDL, CDSL etc.), Banks and Financial Institutions, Securities Market Intermediaries, Government Departments, Judiciary and Advocates for a period of three years and above are eligible to apply under this category. The other criteria regarding the eligibility for admission for the industry/institutions sponsored candidates will be the same as applicable to the other candidates.
Selection Criteria
All the candidates (including the Industry/ Institutions sponsored and the Foreign national/NRI/NRI sponsored candidates) will be selected based on their performance in Online Test and Online Interview.
Application Fee: Rs. 1,000/-
How to Apply?
1. New user has to register by clicking on “Click here to Apply Now” button.
2. Upon successful registration, a User-ID and Password will be sent to registered email ID and mobile number of the candidate.
3. Fill the Application form and upload all relevant documents.
4. Complete the application form by paying the application fee – Rs. 1000/-
Announcement of Selected Candidates
The selected candidates will be intimated via e-mail. Selected candidates would be required to pay the token money and remaining part of first instalment of fees within the due date mentioned therein.
Provisional admission offered to selected candidates who do not pay the fees on or before the stipulated date would automatically stand cancelled.
Important Dates for AY 2023-24
S. No. | Particulars | Date |
---|---|---|
01 | Start Date for Application | March 20, 2023 |
02 | Last Date for Application | May 17, 2023 |
03 | Date of Online test | May 21, 2023 |
04 | Date of Online Interview | June 5 to June 10, 2023 |
05 | Declaration of 1st Merit List | June 19, 2023 |
06 | Declaration of 2nd Merit List | June 26, 2023 |
07 | Declaration of 3rd Merit List | July 03, 2023 |
08 | Last date for payment of fee | July 10, 2023 |
09 | Closure of Admission | July 11, 2023 |
09 | Commencement of Program | July 15, 2023 |
Frequently Asked Questions
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Dr. Rachana Baid
Professor, Dean (Academics) & HoD - Centre for Capacity Building-1
-
Dr. Rajesh Kumar
Professor - Centre for Capacity Building-1
-
Mr. Shailesh Pingale
Member of faculty - Partnership and Marketing Department
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Dr. Mohd Meraj Inamdar
Assistant Professor -Centre for Capacity Building-2
* Senior Professionals and Subject matter Experts from the Securities Markets would also be taking sessions as and when required.
National Institute of Securities Market (NISM) is the institute which comes to the minds of the recruiters once the placement session starts. We focus not only on career-oriented growth but offer versatility. Our Faculty Team and Student Placement Committee are responsible for consistent growth in our placements record.
Today, graduating does not mean getting a degree certificate alone but equipping one with in-depth knowledge of the subject. NISM helps the students to achieve this by conducting various workshops, guest lectures and seminars. It has also become mandatory that the student instills skills and an important part of which is the Summer Internships which takes place in the month of April, every year.
The Institute is passionate towards grooming the students as the efficient professionals and are successful in assisting the placement by inviting Exchanges, Intermediaries, Brokers, Depositories, Law Firms, Merchant Bankers and many other market players.
Download Placement Brochure 2022-24.Click here
Download Internship and Placement Report 2020-2021.Click here