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SEMESTER III |
MS206-CAPITAL MARKET SYSTEM
Course objective:
The basic objective of this course is to expose the students to the deeper side of capital market. The emphasis will be
on issue of shares, stock market and on various regulations which control the capital market system.
Unit I:
Instruments for issue of capital
Legal proviaions regarding capital issues
Stock exchanges
Prospectus
Offer of sale
SEBI
Guidelines on public issues
Unit II:
Stock market-Operations
Functions
Trading & settlement
National Clearance and Depository system
Unit III:
Over the counter exchange of India(OTCEI)
National stock exchange (NSE)
Stock holding corporation of India Ltd.(SHCIL)
Central Depository system
Unit IV:
Right issue
Bonus shares
Stock-Invest
Regulation on minimum subscription
Underwriting Allotment
Transfer & Transmission of shares/Debentures
Refunds
MS207-INTERNATIONAL FINANCIAL MANAGEMENT
Course objective:
The objective of the course is to expose the students to the international financial market and complexities involved in
dealing with the foreign exchange.
Unit I:
International foreign Environment
Accounting for international transaction
Balance of payments-concepts & uses
International Financial Institutions
International Monitory Funds
Facilities for short term finance
SDRs and International Liquidity-IBRD,IFC,IDA & ADB
Unit II:
International Currency Market-Syndicated Loans & New Insturments
International capital market
Choice of International Currency
Sourse of funds in Euro Market
Difference between Euro Credit Market & International Bond Market
New Marketing Instruments
Advantages & Disadvantages of Bond market, Euro Bond Market
Foreign Exchange markets & Money markets-Operations & Functions-Spots,
Forwards and Futures(Numerical Problems)
Unit III:
Exchange rate and Interest rate determination theories and Financial Management
Interest rate parity and covered interest arbitrate-equilibrium in the exchange and money market-Market efficiency-Anomalies and arbitrage opportunities
Foreign exchange risk-Economic exposure
Management of exposures-swaps and their uses
Hedging techniques-covering exchange and interest Positions(Numerical Problems)
Unit IV:
Foreign Bonds and Euro bonds-International bond market
Raising finance in the international capital markets
Procedure for marketing Euro Bonds
Procedure of issue of GDR & ADR
Documentations in international trade-Export financing-Indian forign
exchange market-Techniques of Financing trade-Foreign exchange
regulation-Inter bank transaction and arithmetic of foreign market
Unit V:
Management of Exchange Risk
Transactions and translations exposure-Accounting practices-Accounting
practices-Accounting standards
Evaluating international cash flows-Project appraisal and country
risk evaluation
Cost of capital and capital budgeting decision.
MS208-TAXATION & TAX PLANNING MANAGEMENT
Course objective:
The couse aims to acquaint the students with practices of income tax and tax planning in India.
Unit I:
Introduction, scope and application of Income Tax act
Definitions: Agricultural income, Assessment Yeart, Previous Year,
Person, Residence & Tax Liability
Distinction between Revenue & Capital Receipts
Income Exempt From Tax
Tax amnesty schemes viz. VDIS & Kar Samadhan
Unit II:
Computation of Income Under Various Heads:
Income from salaries
Income from House Property
Income from Business-Profession
Capital gains
Income from other Sources
Unit III:
Permissible deductions from gross total income
Assesment of Individual
Income Tax Authorities-Their Appointment and jurisdiction and powers
Procedure for assessment
Return of Income
Type of assessment
Time limit for completion of assessment and reassessment
Rectification of mistakes
Collection and recovery of tax,Payment of tax
Deduction of tax at source
Advance payment of tax
Refund of excess payment
Unit IV:
Concept of Tax Planning
Tax Planning differentiate with tax avoidance and tax evasion
Areas of tax Planning
Limitaions of tax planning
Cases of avoidance and double taxation
Tax planning with reference to manegerial decisions
