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Corporate Laws Cell

Paper Presentation Competition

SEBI and Corporate Laws form an essential tool to the understanding of the capital markets. The
key to understanding these laws is rigorous reading of law, basic economics, working of the
markets, corporate and economic news, etc. It is often a misconception in the students that these
areas of law aren’t meant for all as these are too complicated to be understood. This misconception
is due to inadequate study of the basics of Company law, relevant SEBI Guidelines and Regulations,
the current developments in the markets and the working of the markets through various fora such
as their websites, corporate and financial news, etc.

Our market regulator SEBI often comes appoints various committees to study the markets and
propose reforms to their working and accordingly the recommendations of these committees are
incorporated into the SEBI Guidelines and Regulations. The most interesting part of this entire
exercise is that most of these reports and discussion are put up by SEBI on its website for public
comments. This ‘participative approach’ followed by the regulator helps the investors and the public
to contribute to the regulation making process by the regulator.

SEBI, in January 2010 had appointed a committee chaired by Mr. Bimal Jalan (ex-governor, RBI) to
study the ownership and governance structure of the Market Inastructre Institutions (MIIs- MIIs like
Stock exchanges, depositaries, clearing houses). This makes some particularly strong
recommendations inter alia including not allowing such entities to get listed and acces the bourses.
The logic used by the committee is that such an access to the bourses by these MIIs gives rise to a
potential conflict of interest. This report has generated mixed response from varied segments of the
market and the academicia. The report is now available for public comments.

The College intends to study the report extensively and analyze the feasibility of the working of the
recommendations. These recommendations will be sent to SEBI in the form of a study
acknowledging the names of the students working for it. This exercise is intended to be conducted
in as a one day event which will include a seminar, discussion session and a competition:

I. Presentations on the various SEBI Regulations and other laws applicable to various
MIIs- including study of the existing ownership and structure of the MIIs.
II. Presentations on the various recommendations made by the Bimal Jalan Committee.
III. Presentations on the feasibility of the implementation of the recommendations of the
Bimal Jalan Committee.
IV. Panel discussion on the Report and the student presentations.

This activity shall be open to all the students and it is strongly recommended for the students
who wish to develop their interest in corporate laws and improve their understanding thereof
participate.

Papers with recommendations must be submitted to the undersigned on or before

December 25th 2010.

Corporate Laws Cell 2010 - 2011

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Rules:

This activity will involve a lot of reading and other work to understand the various aspects of
corporate laws. The students are advised to be prepared for intense reading and hard work if
they wish to participate in this activity.

The intended structure for this activity is as under:-

i. Presentations on the structure of the Capital Markets- various market participants, their
roles (Preferably by students of first and second years)
ii. Presentations on the MIIs (Preferably by students of first and second years)
iii. Presentations on the various applicable SEBI Regulations to the MIIs(Preferably by
students of third/fourth year)
iv. Presentations on the recommendations of the Bimal Jalan Committee(Preferably by
students of third/fourth year)
v. Presentations and Discussions on the feasibility of the implementation of the
recommendations of the Bimal Jalan Committee (Preferably by students of fourth/final
year).

This entire event will be held as a competition. The students are to form a group of four and
prepare their presentations after an exhaustive study. Depending on the number of participants
and the quality of their work, the student groups will be selected to present their work in the
final event. Also, various discussion panels will be formed consisting of the students working
for the event, the faculty and corporate lawyers.

This event will be held in the 4th week of January. However the papers must be submitted on or
before the 25th of December.

Interested students are to contact the undersigned for details and registrations.

Mrs. Smita Sabne

Corporate Laws Cell 2010 - 2011