Chapter 47 – Business Environment

Chapter 47


1. L. M. Bhole and Jitendra Mahakud, Financial Institutions and Markets: Structure, Growth and Innovations, New Delhi: Tata McGraw-Hill Education Private Limited, 2009.

2. Ibid.

3. Bharat’s Manual of SEBI Act, Rules, Regulations, Guidelines, Circulars etc, New Delhi: Bharat Law House, 2003.

4. Insider trading implies trading in the scrip of a company by such a person who is closely associated with it and has access to unpublished price-sensitive information. Front running is indulged in by brokers. On being advised by institutions to execute bulk orders (buy or sell) that have the potential to push the market price (up or down), the brokers make deals in advance of institution orders and make profits for themselves.

5. G. N. Bajpai, Chairman, SEBI, Speech delivered “Corporate Governance and Development: Why it Matters?”, Lex Mundi Global Forum, 2003.

6. P. Rajagopalan, Directors and Corporate Governance, Chennai: Company Law Institute of India Pvt. Ltd, 2003.

7. C. R. L. Narasimhan, “Better Corporate Governance for Stock Exchanges”, The Hindu, 15 March, 2004.

8. A. C. Fernando, Corporate Governance: Principles, Policies and Practices, New Delhi: Pearson Education, 2006.