Source: Snowball APP, Author: Guangdong Jie, (
: Analysis of the Indian stock market supervision system.
1. India strictly implement the comprehensive registration system
(1) The Indian stock market has a great delisting.Relative to India's registration system only on February 17, 2023, the Indian stock market has implemented the registration system since 1992. It was about 30 years earlier. Therefore, India has more complete A -share in implementing the registration system.Secondly, India has strictly implemented a comprehensive registration systemMumbai Investment. India has really achieved the IPO's wide progressIndore Investment. Some data show that the Indian stock market was retired from 2868 from 1996 to 2018. The number of companies listed in India at the end of 2018 was 5379.Home; the delisting company accounts for half of the total listed company, with an average annual delisting as high as 106.The Indian stock market achieved the survival of the fittest and the garbage was cleared.
(2) India's delisting speed is fast.There is no such thing as a "delisting risk warning period" in the Indian stock market delisting procedures.Once the exchange believes that the listed company has a need to suspend trading, it is approved by a special group resolution, and its resolution will take effect immediately after the appeal period on the 15th.
(3) Compensation of listed companies should be compensated.The Indian delisting system is divided into compulsory delisting and active delisting. It is effective in the forced delisting. The exchanges appointed independent professional teams to evaluate the company's assets and set the shares of the public shares of the public's fair price.Will face severe punishment.Active delisting is priced through the way of public investor inquiry. The final repurchase price often contains a high premium.
(4) It is difficult for listed companies to participate in the capital market after delisting.After the listed company was forced to delist, the directors, sponsor of the listed company, and all the companies they initiated by them could not enter the securities market in a direct or indirect way within 10 years or apply for re -listing.Its directors and sponsor shall not be the director of other listed companies before providing the opportunity to exit the public investors.
2. Strictly protect retail investors T+0, institutional T+3 system
In 2001, India launched a retail investor T+0, and institutional traders adopted a T+3 settlement system.In layman's terms, retail investors can sell stocks on the same day, and institutional investors can only sell after buying stocks 3 days.This means that retail investors can buy stocks on the same day and sell them on the same day.When the market is unfavorable and the wind blows, retail investors can sell stocks three days in advance to sell stocks to protect personal rights.
3. India's punishment for financial fraud and illegal disclosure
Once illegal and illegal acts are found, punishment will be punished in a timely manner. The punishment measures include fines, revoking business licenses, cancellation of relevant qualifications, and transferring to judicial organs.According to the relevant laws and regulations of the existing stock market in India, if the listed company has financial fraud and the penalty is the amount of fakes exceeding 100,000 rupees (8568 yuan) or 1%of the turnover, the fine is 1 ~ 3 times the amount of fakes, and the imprisonment is 6 months ~10 years.Relative to A -shares hundreds of millions or even billions of counterfeiting, the amount of counterfeit of hundreds of thousands or millions of millions of dollars is quite punished.
Fourth, policy discounts attract foreign investment to greatly inflow
After Modi served as the Prime Minister in 2014, he vigorously promoted the reform of the investment access system, abolished foreign investment permits, and implemented a negative list system.Except for the "negative list" of some national strategic departments, other industries have adopted a "automatic path" approval system.Under the channel for automatic approval, foreign investment does not require government approval to enter the Indian market, which greatly simplifies investment procedures and the efficiency of foreign investment.In addition, India also carried out corporate tax reform to inspire the market and introduced a series of foreign supporting policies.
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