KCCI hosts a Awareness Session on ‘SME Funding- Role of Capital Markets’
Mangaluru: After the AGM meeting of the newly appointed President and Board Members of Kanara Chamber of Commerce and Industry, as a First programme of the new team, a Awareness Session on “SME Funding- Role of Capital Markets” was held on Friday, 12 October 2018 at thy KCCI Hall. The Session was jointly organized by KCCI with National Stock Exchange and National Securities Depository Limited.
Newly elected president of KCCI P B Abdul Hameed welcomed the gathering, and Vice President Isaac Vas introduced both the speakers, namely Hariharan Narayanan- Deputy Manager, Regulatory Department, NSE; and Thejas Narasimhamurthy- Assistant Manager, Karnataka Region, NSDL on two different topic – the former spoke on “SME-Funding-Role of Capital Markets”, while the latter spoke on “Mandatory De-Materialization of Public Unlisted Limited Companies”.
About NATIONAL SECURITIES DEPOSITORY LIMITED (NSDL) NSDL, it is the first and largest depository in India, established in August 1996 and promoted by institutions of national stature has established a state-of-the-art infrastructure that handles most of the securities held and settled in dematerialized form in the Indian capital market. NSDL provides bouquet of services to end investors, stock brokers, stock exchanges, custodians, issuer companies etc. through its network of more than 260 Depository Participants / Business Partners. NSDL has been able to win the trust of crores of investors and other intermediaries, thus standing true to its tag line −Technology, Trust and Reach.
NSDL offers seamless on boarding experience to Issuer Company to join its Depository System and admits its securities. NSDL maintains the high standards while admitting Issuers to the Depository System, all applications received by NSDL must first pass stringent eligibility checks and complies with numerous market standards and compliance rules. If the documentation provided by the issuers is comprehensive, the security is more likely to be admitted quickly. It is essential for us to “know our customers” to ensure adherence to our high compliance standards.
Regarding, NATIONAL STOCK EXCHANGE (NSE), SMEs Play a very important role in the economy of our country. The growth in Indian economy has opened windows of opportunities to a large number of SME companies across different sectors and geographical locations. With a sustained focus on credibility, NSE SME EMERGE platform is poised to be a vibrant market place where growing companies will be able to raise capital for their varied needs. The NSE EMERGE platform offers opportunities to informed investors to invest in emerging business with existing growth plans and innovate business models. It would offer India’s emerging businesses a new and viable option for raising risk capital from a diversified set of investors in an efficient manner.
NSE has adopted the best global practices followed across the world to bring to you a credible and efficient Exchange for Small and Medium Enterprises. NSE has established processes and systems which will help the company in its journey of metamorphosing into a publicly held company. · Alternate asset class for investors · Credible admission process · State-of-the-art trading system Alternate asset class for investors · Credible admission process · State-of-the-art trading system · High-quality investor information · SME Mentoring
P B Abdul Hameed is the President of Kanara Chamber of Commerce and Industry for 2018-19
At the 78th Annual General Meeting of all Members of Kanara Chamber of Commerce & Industry, Mangalore held at the Registered Office of the Chamber the members unanimously elected the new President, other Office-bearers and Directors of the Board for the year 2018-19.
P. B. Abdul Hameed-KCCI President
Isaac Vas- Vice-President
M. Ganesh Kamath- Hon. Treasurer
Shashidhar Pai Maroor and Prashanth C. G.- Hon. Secretaries
Nitte Yathiraj Shetty; B. A. Nazeer; Nissar Fakeer Mohammed; Ananthesh V. Prabhu; Ananth G. Pai; Amith Ramachandra; Praveen Kumar Bangera; K. Dinesh Rao; Aditya Padmanabha Pai; Palli Sadananda Shetty; Divakar Pai Kochikar; Abdur Rahman Musba- Directors.
