Issuers Compliance Certification Examination

Issuers Compliance Certification Overview

The examination aims to enable a better understanding of various compliances which needs to be adhered to by associated persons working as compliance officers in listed companies.

  • Know the role and responsibilities of a Compliance officer of a listed company
  • Understand the various avenues for raising funds from the Indian and global market and the various compliance requirements for the same
  • Know the laws and regulations that need to be adhered to by a public company with respect to issues, corporate actions, and day to day compliance requirements.
  • Know the various penalties for non-compliance with regulations and requirements as specified in various Regulations

Issuers Compliance Certification Fees Details

Name of Module: NISM-Series-III-B: Issuers Compliance Certification Examination

Fees (Rs.)

Test Duration (in minutes)

No. of Questions

Maximum Marks

Pass Marks* (%)

Certificate # Validity (in years)







*: Negative marking – 25% of the marks assigned to the question

+Payment gateway charges extra.

# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.

CHAPTER-1: Introduction to Indian Capital Market

  • Understand the Capital Market Structure in India and Role of Capital Market
  • Discuss the Regulatory Framework in India

CHAPTER-2: Understand the Capital Market Regulations

  • Know the SEBI Act, 1992
  • Know the Companies Act 1956,
  • Know the Securities Contracts (Regulation) Act, 1956
  • Know the Listing Agreement
  • Know the Foreign Exchange Management Act, 1999 (FEMA)
  • Know the Prevention of Money Laundering Act, 2002 (PMLA)
  • Know the The Competition Act, 2002
  • Know the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (SEBI(ICDR))
  • Know the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • Know the SEBI (Buy Back of Securities) Regulations, 1998
  • Know the SEBI (Prohibition of Insider Trading) Regulations, 1992
  • Know the SEBI (Intermediaries) Regulations, 2008
  • Know the SEBI (Delisting of Equity shares), Regulations, 2009
  • Know the SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999
  • Know the Companies (Issue of Indian Depository Receipts) Rules, 2004 (IDR Rules)
  • Know the SEBI (Issue of Sweat Equity) Regulations, 2002

CHAPTER-3: Discuss the role of Compliance Officer

  • Understand the appointment of Compliance Officer
  • Know the Role of Compliance Officer
  • Learn about the Responsibilities of a Compliance Officer
  • Discuss the Reporting requirements

CHAPTER-4: Understand how to Raise Capital from the market

  • Why raise money from the market
  • Learn about the Evolution of Public Issues
  • Know the ways of Raising money

CHAPTER-5: Understand the Role of Compliance Officer in IPO

  • Planning an IPO
  • General Obligations during Public Issue
  • Marketing the Issue
  • Application Supported by Blocked Amount (ASBA)
  • Allotment of Shares
  • Listing with Stock Exchanges
  • Post Issue Compliances

CHAPTER-6: Understand the Role of Compliance Officer in other public Issues

  • Further Public Offer
  • Rights Issue
  • Bonus Issue
  • Employee Stock Option Plan (ESOP)
  • Sweat Equity
  • Private Placement
  • Indian Depository Receipts (IDR)

CHAPTER-7: Know about the ways to Raise money from foreign market

  • Learn about American Depository Receipt (ADR) / Global Depository Receipt (GDR)
  • Learn about Foreign Currency Convertible Bonds (FCCB)

CHAPTER-8: Understand about Corporate Actions

  • Know the Related laws and process

CHAPTER-9: Know about the Ongoing Compliance Requirements

  • Reports to be submitted as per Listing Agreements
  • Compliances under the SEBI (Substantial Acquisition of Shares and Takeovers)Regulations, 2011
  • Compliances under the SEBI ( Prohibition of Insider Trading) Regulations, 1992
  • Appellate Tribunal
  • Scores system for investor grievance