NISM Series-II-A: Registrars to an Issue and Share Transfer Agents-Corporate Practice Exam

NISM Series-II-A: Registrars to an Issue and Share Transfer Agents-Corporate Practice Exam

The NISM Series-II-A: Registrars to an Issue and Share Transfer Agents-Corporate certification from the National Institute of Securities Markets (NISM) certifies your skills and knowledge to perform the roles and responsibilities of the Registrars to an Issue or as the Share Transfer Agents (RTAs) for listed companies in Indian stock exchange.

The certification is required to be engaged or employed in Registrars or Share Transfer Agents. The certification assess the processes and regulations to manage the issue and transfer of securities, including various corporate actions which includes issue of dividends, refunds, bonus issues and repurchase of securities etc.

Why is NISM Series-II-A: Registrars to an Issue and Share Transfer Agents-Corporate important?

• Recognized certificate well accepted by financial services industry in India.
• Certifies your knowledge of SEBI regulations for the role of RTAs at Registrars or Share Transfer Agents.
• Attests to your skills of various corporate actions and their processing.
• Helps professionals gain expertise in managing records of securities ownership.
• Validates your understanding of of the issuance and transfer of securities.
• Focuses on the skills needed for addressing the investor grievances.
• Boosts your employability in roles in the securities market.
• Verifies your capabilities for regulatory audits and reviews by authorities.
• Enhances your professional skills to ensure effective and efficient management of corporate actions like dividends and stock splits.

Who should take the NISM Series-II-A: Registrars to an Issue and Share Transfer Agents-Corporate Exam?

• Registrar to an Issue
• Share Transfer Agent
• Corporate Compliance Officer
• Securities Market Professional
• Investor Relations Manager
• Back Office Executive in Capital Markets
• Custodian Services Executive
• Corporate Actions Manager
• Regulatory Compliance Professional
• Operations Manager in Financial Institutions

Skills Evaluated

Candidates taking the certification exam on the NISM Series-II-A: Registrars to an Issue and Share Transfer Agents-Corporate is evaluated for the following skills:

• SEBI regulations for RTAs.
• Managing corporate actions.
• Handling investor grievances
• Maintaining shareholder records.
• Manage the issuance, transfer, and allotment of securities.
• Coordinating with corporate issuers and other stakeholders.
• Processing dividends, mergers, stock splits, and other corporate events.
• Data security and management of confidential shareholder information.

NISM Series-II-A: Registrars to an Issue and Share Transfer Agents-Corporate Certification Course Outline
The NISM Series-II-A: Registrars to an Issue and Share Transfer Agents-Corporate Certification covers the following topics -

Module 1. Introduction to Securities

• Introduction to Equity and Debt

• Features of Equity Capital and Benefits to Equity Investors

• Features of Debt Capital and Benefits to Debt Investors

• Hybrid Structures

Module 2. Characteristics of Equity Shares

• Investors in Equity Shares

• Rights of a Shareholder

• Risks in Equity Investing

• Equity Terminology

• Corporate Actions

• Reduction of Share Capital

• Preference Shares

• Rights Issue of Shares

• Preferential Issue

Module 3. Characteristics of Debt Securities

• Features of a Debt Security

• Market Value of a Debt security

• Yield from Debt Instruments

• Types of Debt Securities

• Classification of Debt Market

• Credit Rating

• Money Market Instruments

Module 4. Characteristics of Other Securities

• Warrants

• Convertible Debentures

• Depository Receipts

• Foreign Currency Convertible Bond (FCCB)

• Exchange Traded Funds (ETFs) and Index Funds

• Investment Trusts

• Alternate Investment Funds (AIFs)

• Corporate Fixed Deposits

Module 5. Basics of Mutual Funds

• Introduction to Mutual Funds

• Advantages of Mutual Funds

• Open Ended and Close Ended Mutual Funds

• Assets under Management (AUM)

• Net Assets

Module 6. SEBI – Role and Regulations

• Securities and Exchange Board of India Act, 1992 and Role of SEBI

• SEBI Regulations specifically aimed at Investor Protection

• Investor Education and Protection Fund (IEPF) Authority

• SEBI Regulations for Registrars and Transfer Agents

Module 7. Public Offer of Securities

• Issuing Equity Capital

• Public Offer of Shares

• Reservations

• Initial Public Offer

• Eligibility for Public Issue of Shares

• Further Public Offer

• Buy Back of Securities

Module 8. Modes of allotment of shares other than Public Offers

• Private Placement of Shares

• Qualified Institutions Placement

• Rights Issue

• Employee Stock Options (ESOPs)

• Conversion of Convertible Debentures/ Bonds into shares

Module 9. Processes related to Public Offering of Shares

• Pre-Issue Work

• Post-Issue Work

• Terms and Concepts in Public Issue of Shares

• Prospectus

• Red Herring Prospectus

• Underwriting

• Green Shoe Option

• Methods of Making a Public Issue of Shares

• Initial Public Offer (IPO) by Small and Medium Enterprises (SME)

Module 10. Roles and Responsibilities in a Public Issue

• Registrar and Transfer Agents

• Sponsor Bank

• Bankers to the Issue

• Role and Responsibilities of the Registrar to the Issue regarding UPI Mechanism

• Brokers to the Issue/Syndicate Members/ Designated Intermediaries

Module 11. Depository Services

• Dematerialisation

• Constituents of the Depository System

• Investor’s Interface with the Depository

Module 12. Processes Related to Depositories

• Dematerialisation of Securities

• Rematerialisation of Securities

• Trading and Settlement

• Beneficial Owner Reporting

• Corporate Actions

• Reconciliation

• Crediting shares to IEPF Account

Module 13. Investor Interface with the R&T Agent

• Transfer of Securities

• Recording Change in Investor Information

• Issue of Duplicate Certificate for Securities

• Stop Transfers

• Transmission

• Annual General Meeting

• E-Voting

• Responsibilities of RTA during Annual General Meetings (AGM)

Module 14. Secondary Market Transactions

• Stock Markets

• Participants in the Stock Markets

• Listing of Securities

• SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (LODR)

Module 15. Client Servicing

• Investor in context of RTA organisation

• First Time Right (FTR)

• Principles of Client Servicing

• Service etiquettes of RTA organisations in Client Servicing