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Gautam H Parikh - The handbook of Indian securities

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Gautam H Parikh The handbook of Indian securities
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Contents

Gautam H. Parikh combines law, economics and finance in a rich, fact-driven analysis of Indian securities. Written with clarity, and an integrated and holistic approach, this book is essential reading for business professionals in finance, investments and emerging markets. It also provides an insight into how Indian securities are unique, especially in the context of India's legal framework.

Handbook of Indian Securities is a highly readable, useful and practical guide for portfolio managers, investment researchers, corporate CFOs, treasury managers, security analysts, chartered accountants, management consultants and investment bankers. It is also ideal for MBA and CFA students as well as students of financial and securities law.

Gautam H Parikh Gary was born in India and educated in the USA and - photo 1

Gautam H. Parikh (Gary) was born in India, and educated in the USA and England. He graduated from the University of Chicago, earned his MBA at the London Business School and read law at the London School of Economics.

His professional career began in London as an Associate at Schroders, where he worked in international finance and advisory. Later, he joined a private equity firm in the US as an advisor to a former European prime minister.

The author lives in Mumbai with his family.

As India seeks to develop as a major financial centre, we need to enhance our skills in this area, even as we continue to attract a great deal of interest from investors, both local and global. Everyone connected to the world of finance - even the most seasoned professionals - will greatly appreciate this comprehensive guide to Indian securities written by Gautam Parikh.

Naina Lal Kidwai ,Chairman HSBC India, Director HSBC Asia Pacific

Gautam Parikh has written an invaluable book, an authoritative guide for practitioners, students and regulators. The Handbook of Indian Securities can be read as a story of institutional change, and hence is of relevance not just to those interested in the Indian capital markets, but in emerging markets more generally.

Tarun Khanna ,Director, South Asia Institute, Harvard University; Jorge Paulo Lemann Professor, Harvard Business School

Indias economy grows ever-more important, but its securities markets remain dizzyingly complex. Gautam Parikh offers a path through the confusion with this lucid and penetrating analysis, whose pages will provide many valuable insights for domestic and international investors alike.

James Crabtree ,Mumbai Correspondent, Financial Times

The Handbook of Indian Securities is meticulously researched, extremely well written and elegantly presented. It covers the Indian security market in details and in practical terms. It will be an excellent guide for its readers.

Nilesh Shah ,Managing Director and Chief Executive Officer, Axis Capital

The Handbook of Indian Securities catches the evolution of Indias capital market which is inseparable from economic reforms in a lucid way without compromising the depth of analysis. It will benefit not only portfolio managers, investment bankers and security analysts but also students of finance.

Tamal Bandhopadhyaya ,Joint Managing Editor, Mint

The Handbook of Indian Securities is a thoughtful and insightful resource for business professionals as well as newcomers to emerging markets. As India rises in global importance, this book's relevance and practical value will also increase over time.

Andrew Holland ,Chief Executive Officer, Ambit Investment Advisors

THE HANDBOOK OF
INDIAN SECURITIES

THE HANDBOOK OF
INDIAN SECURITIES

Copyright 2014 Bloomsbury Publishing India Pvt Ltd All rights reserved No part - photo 2

Copyright 2014 Bloomsbury Publishing India Pvt Ltd

All rights reserved.

No part of this publication may be reproduced
or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage or retrieval system, without prior permission in writing from the publishers.

No responsibility for loss caused to any individual or organization acting on or refraining from action as a result of the material in this publication can be accepted by Bloomsbury India or the authors/editor.

Bloomsbury Publishing India Pvt Ltd

Vishrut Building, DDA Complex
Building No. 3, Pocket C-6 & 7, Vasant Kunj
New Delhi 110 070

ISBN: 978-93-84052-94-2
10 9 8 7 6 5 4 3 2 1

Typeset by Eleven Arts
Printed and bound by Thomson Press India Ltd

The content of this book is the sole expression and opinion of its author, and not of the publisher. The publisher in no manner is liable for any opinion or views expressed by the author. While best efforts have been made in preparing this book, the publisher makes no representations or warranties of any kind and assumes no liabilities of any kind with respect to the accuracy or completeness of the content and specifically disclaims any implied warranties of merchantability or fitness of use for a particular purpose.

The publisher believes that the content of this book does not violate any existing copyright/intellectual property of others in any manner whatsoever. However, in case any source has not been duly attributed, the publisher may be notified in writing for necessary action.

To My Parents

TABLE OF STATUTES

Page

Capital Issues Control Act, 1947

Capital Issues (Control) Repeal Ordinance Act, 1992

Companies Act, 1956

Section 17

63, 282

Section 31

Section 38

Section 64

Section 68

Section 77A

218, 285, 316

Section 78

Section 79

Section 80

315, 316, 317, 318

Section 85

Section 87

Section 93

Section 189

Section 205

52, 54

Section 217

Section 284

Section 317

Section 376

Section 397

158, 159, 169

Section 399

158, 159

Depositories Act, 1996

Regulation 8

86, 172

Disclosure and Investor Protection Guidelines, 2009

Chapter II

32, 46

Chapter III

Chapter IV

Chapter VI

55, 56, 70, 108

Chapter VI-A

210, 212, 213

Chapter VIII

Chapter VIII-A

Chapter XI

8, 41, 59, 93, 212, 215

Chapter XIII-A

346, 353, 357, 359, 360, 362, 364

Chapter XV

250, 258

Schedule I

Foreign Exchange Management Act, 2000

201206

Income Tax Act, 1961

Chapter XII-D

308, 310

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