This document provides information on various intermediaries of the capital markets, including merchant bankers, registrar and transfer agents, custodians, stock exchanges, and stock brokers. It describes the roles of each intermediary, such as merchant bankers managing public issues and takeovers, registrar and transfer agents maintaining shareholder records and distributing benefits, custodians providing securities custody and account services, stock exchanges providing trading platforms, and stock brokers buying and selling securities on exchanges on behalf of clients. It also provides details on the two leading stock exchanges in India, the National Stock Exchange and Bombay Stock Exchange.

1. EquityBasics – Intermediaries

2. Intermediaries of the capital marketsMerchant BankersRegistrar &Transfer Agents (R&T agents)CustodiansStock ExchangeStock Brokers

3. Merchant bankersMerchant bankers play an important role in mergers & acquisitions, private placement, corporate restructuring and so onA Merchant banker is mandated by SEBI to manage public issues and open offers and takeoversAll issues should be managed by at least one merchant banker who acts as a Lead merchant Banker

4. R&T Agents-Registrar to issueThe R&T agents provide services to shareholders on behalf of issuers for:Management of public issue (Registrar to Issue)Managing corporate benefits like distribution of dividends, interest on debentures, bonus shares, rights etcShare transfer servicesMaintaining Register of Members [ROM]

5. CustodiansCustodians are appointed by institutional investors, mutual funds, banks etc for physical custody of securities, settlement services, monitoring and collection of corporate benefits and maintaining of their accounts of securitiesHSBC Bank, SHCIL, Citibank, Deutsche Bank, Standard Chartered Bank provide custodial services

6. Stock exchangeThe stock exchanges in India, under the overall supervision of the regulatory authority, the Securities and Exchange Board of India (SEBI), provide a trading platform, where buyers and sellers can meet to transact in securities

7. Role of stock exchangeProvide trading platform to investors and provide liquidity Facilitate Listing of securitiesRegister members - Stock Brokers, sub brokersMake and enforce by-lawsManage risk in securities transactionsProvide indices

8. Leading stock exchangesNational Stock Exchange (NSE)Bombay Stock Exchange (BSE)

9. National Stock Exchange (NSE)NSE, promoted by leading financial institutions, was incorporated in 1992 as a corporate entityTrading in Equities and Debt Market commenced in 1994It is the largest exchange in the country in terms of volume of tradingIt enjoys leadership position among exchanges in India

10. Bombay Stock Exchange (BSE)The Stock Exchange, Mumbai, popularly known as "BSE" was established in 1875 as "The Native Share and Stock Brokers Association“It is the oldest stock exchange in AsiaIt has evolved over the years into its present status as the premier Stock Exchange in the country

11. Stock brokersA stock-broker is a member of the Stock ExchangeStock-brokers are the intermediaries who are allowed to trade in securities on the exchange of which they are members Brokers buy and sell on their own behalf as well as on the behalf of their clients Any person can act as a stock-broker only after registering as such with SEBI

12. Trading on BSE and NSETo provide transparency, efficiency and depth to market, BSE and NSE provide Screen Based Trading on Trading Platforms called ‘BOLT’ and ‘NEAT’These platforms provide Trading Facility to Brokers, Sub-brokers and their clients through thousands of trading terminals spread throughout the nation

13. NEAT-Cash

14. BOLT

15. Thank You