The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 60%. There shall be negative marking of 25% of the marks assigned to a question.
This is a computer-based examination with multiple choice questions.
Exam Fee Rs. 1770 plus additional taxes
Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.
| Unit No. | Unit Name | Weightages % |
|---|---|---|
| Unit 1 | Overview of Alternative Investments | 5% |
| Unit 2 | Alternative Investment Funds in India | 5% |
| Unit 3 | Concepts in Alternative Investment Funds Industry | 5% |
| Unit 4 | Regulatory Framework – Indian Context | 10% |
| Unit 5 | Alternative Investment Fund Structuring | 10% |
| Unit 6 | Risk and Return - Investor and Fund Perspective | 10% |
| Unit 7 | Investment Process and Governance of Funds | 10% |
| Unit 8 | Fund Due Diligence - Investor Perspective | 15% |
| Unit 9 | Legal Documents and Negotiations – Investor Perspective | 10% |
| Unit 10 | Fund Monitoring, Reporting and Exit | 5% |
| Unit 11 | Valuation | 5% |
| Unit 12 | Taxation - India specific | 5% |
| Unit 13 | Good Practices | 5% |
A. Understand the Capital Market Structure in India and Role of Capital Market
B. Discuss the Regulatory Framework in India
A. Know the SEBI Act, 1992
B. Know the Companies Act 1956
C. Know the Securities Contracts (Regulation) Act, 1956
D. Know the Listing Agreement
E. Know the Foreign Exchange Management Act, 1999 (FEMA)
F. Know the Prevention of Money Laundering Act, 2002 (PMLA)
G. Know the Competition Act, 2002
H. Know the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (SEBI(ICDR))
I. Know the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
J. Know the SEBI (Buy-Back of Securities) Regulations, 1998
K. Know the SEBI (Prohibition of Insider Trading) Regulations, 1992
L. Know the SEBI (Intermediaries) Regulations, 2008
M. Know the SEBI (Delisting of Equity Shares), Regulations, 2009
N. Know the SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999
O. Know the Companies (Issue of Indian Depository Receipts) Rules, 2004 (IDR Rules)
P. Know the SEBI (Issue of Sweat Equity) Regulations, 2002
A. Understand the appointment of Compliance Officer
B. Know the Role of Compliance Officer
C. Learn about the Responsibilities of a Compliance Officer
D. Discuss the Reporting requirements
A. Why raise money from the market
B. Learn about the Evolution of Public Issues
C. Know the ways of Raising money
A. Planning an IPO
B. General Obligations during Public Issue
C. Marketing the Issue
D. Application Supported by Blocked Amount (ASBA)
E. Allotment of Shares
F. Listing with Stock Exchanges
G. Post Issue Compliances
A. Further Public Offer
B. Rights Issue
C. Bonus Issue
D. Employee Stock Option Plan (ESOP)
E. Sweat Equity
F. Private Placement
G. Indian Depository Receipts (IDR)
A. Learn about American Depository Receipt (ADR) / Global Depository Receipt (GDR)
B. Learn about Foreign Currency Convertible Bonds (FCCB)
A. Know the Related laws and process
A. Reports to be submitted as per Listing Agreements
B. Compliances under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
C. Compliances under the SEBI ( Prohibition of Insider Trading) Regulations, 1992
D. Appellate Tribunal
E. Scores system for investor grievance