An LL.B. Degree or an equivalent examination with a minimum of Fifty percent (50%) of marks or its equivalent grade in case of candidates belonging to General/OBC/PWD/NRI/PIO/OCI categories and Forty-Five percent (45%) of marks or its equivalent grade in case of candidates belonging to SC/ST categories. Candidates appearing /awaiting results of the qualifying examination in May/June 2023 can also apply and appear in the Admission Process. However, such candidates shall have to obtain the requisite eligibility by the cut-off date, which will be notified along with the notification of admission results. Candidate who is placed in compartment in the year of the admission would be treated as ineligible.

Eligibility for Industry/ institutions sponsored Candidates

Industry/institutions sponsored Candidates: The candidates who are working with the Regulators (SEBI, RBI, PFRDA,IRDA, IBBI, CCI, etc.), Market Infrastructure Institutions (NSE, BSE, MCX, NSDL, CDSL etc.), Banks and Financial Institutions, Securities Market Intermediaries, Government Departments, Judiciary and Advocates for a period of three years and above are eligible to apply under this category. The other criteria regarding the eligibility for admission for the industry/institutions sponsored candidates will be the same as applicable to the other candidates.

NISM administers its own All India level entrance examination. After getting selected in the online test, the candidate will be called for an interview.Final selection will be based on the basis of performance in the interview.

The institute accepts only online Applications for admission.The Application fee is INR 1000. The fee is non-refundable. Payment may be made by any of these: – Debit Card/Credit Card/Net banking.

Selection Criteria

All the candidates (including the Industry/ Institutions sponsored and the foreign national/NRI/NRI sponsored candidates) will be selected based on their performance in Online Test and Online Interview.

Duration of Online test: 120 minutes

Types of Questions: Multiple Choice Questions

No. of Questions: 120

Test Location: Online test (Remote proctored) can be attempted by candidates from their own location.

For the candidates in the All India (including Maharashtra) category, based on the performance in the online test, top 150 candidates will qualify for the interview. For Industry/ Institutions sponsored candidates, based on the performance in the online test top 60 candidates will qualify for the interview.

For the students under Foreign national/NRI/NRI Sponsored category, based on the performance in the online test,top 20 candidates will qualify for the interview.

The questions in the interview will be asked from the same subjects (Constitutional Law, Jurisprudence, Law of Contract, Company Law and Current affairs) for all the categories.

The LL.M. program in investment and securities Laws is an advanced program of legal study that is customized to the needs of the individual student and working legal professionals. Having professional expertise in the field of securities markets and Committed to provide the highest quality of education in the field of securities markets, the National Institute of Securities Markets (Hereinafter referred as NISM, an educational institute established by SEBI) has entered into collaboration with India’s premier Law university, Maharashtra National Law University, Mumbai (Hereinafter referred as MNLU) for offering this LL.M. program in Investment and Securities Laws. NISM is equipped with modern infrastructure, including simulation lab, which helps the students in developing the deeper understanding of working of the financial markets. Further, the course has been designed under the guidance of financial and legal experts of the country and delivered with the help of a faculty team mix of academia, industry expert, regulators and others. The course will also engage some of the nation’s leading advocates in the field of corporate law and securities laws, as well as officers from regulators, whose work is oriented more toward practice and the profession as a visiting faculty. Dedicated to enhancing an interdisciplinary legal and securities market education for the academic community, as well as for experienced legal and business practitioners related to financial markets, the course provides a scope to the sharpening of skills and learning the tools to be an effective business lawyer.

Graduation

Eligibility Criteria for the students:

An LL.B. Degree or an equivalent examination with a minimum of Fifty percent (50%) of marks or its equivalent grade in case of candidates belonging to General/OBC/PWD/NRI/PIO/OCI categories and Forty-Five percent (45%) of marks or its equivalent grade in case of candidates belonging to SC/ST categories. Candidates appearing/awaiting results of the qualifying examination can also apply and appear in the Entrance Test. However, the eligibility by such candidates shall have to be obtained by the cut-off date which will be notified along with the Notification of Entrance Test result, and in case such candidate is placed in compartment in the year of the admission would be treated as ineligible.
Additional Eligibility Criteria for Industry/ Industry Sponsored CandidatesIndustry/Industry sponsored Candidates: The candidates who are working with the Regulators (SEBI, RBI, PFRDA, IRDA, IBBI, CCI etc.), Market Infrastructure Institutions (NSE, BSE, MCX, NSDL, CDSL etc.), Banks and Financial Institutions, Securities Market Intermediaries, Government Departments, Judiciary and Advocates for a period of three years and above are eligible to apply under this category.
The other criteria regarding the eligibility for admission for the industry/industry sponsored candidates will be the same as applicable to the other candidates.Mandatory:All the candidates (including the Industry/ Institutions sponsored andthe foreign national/NRI/NRI sponsored candidates) will be shortlisted on the basis of their performance in an Online test. Shortlisted candidates will be called for the interview. Final selection will be based on an online interview

Yes, this examination is separate from CLAT examination. Candidates need to fill a separate form and go through a different examination process in the form of an online test. After getting selected in the online test, the candidate will be called for an interview. Final selection will be based on the basis of performance in the interview.

Yes. Applicants in the last year of degree and those who have completed the degree but are wait for their final results of the bachelor's degree can also apply. Admission will be provisional till graduation marks are submitted. However, the candidate must obtain minimum percentage of marks required for the admission in their qualifying examination.

The programme is designed for students pursuing LL.B. three years and LL.B. five year course as well as legal professionals working in an Industry. Advocates practicing in courts are also eligible to appear in this examination subject to fulfilment of minimum eligibility criteria

It is proposed to have total 60 seats asunder;

• 30 seats for students under All India and Maharashtra
• 20 seats for Industry/Industry sponsored candidates
• 10 Seats (under NRI/ NRI Sponsored quota)
• In case seats under any of the above categories remained vacant such seats will be allotted to the candidates falling in any of the above mentioned categories waitlist.

Questions will be asked from the following subjects:

1. Constitutional Law
2. Jurisprudence
3. Law of Contract
4. Company Law
5. Current Affairs

After successful completion of course, the LL.M. degree will be awarded by MNLU, Mumbai, which is duly recognized for pursuing higher studies and for the government jobs.

No, there will not be any separate classes for the industry sponsored candidates.

As per the requirements, admission to one-year LL.M. degree shall be done through an online test and an online interview conducted by the MNLU and NISM jointly. Candidates will be shortlisted on the basis of an online test. Shortlisted candidates will be called for an online interview. Final selection will be based on performance of the candidates in the interview.

Distance learning is not available for this LL.M. Program as it’s a 1-year full time program.

No, there is no upper age limit for the program.

Candidates are required to register themselves online on www.nism.ac.in

Step 1: New Registration:
Upon successful registration, a User-ID and Password will be sent to registered email ID and mobile number of the candidate.
Step 2: Application process:
Thereafter, candidates are required to log in and complete the application process by paying the registration fee. After making the payment of application fee of Rs 1000/-* the candidates are allowed to submit their application.

Students can apply Online. The online procedure has to be done by paying the application form fee of Rs. 1000 by any of these: – Debit Card/Credit Card/Net banking.

The fee for the one-year LL.M. Program is already given in the prospectus. For downloading the prospectus, please visit the website www.nism.ac.in

LL.M programme has been enlisted on Vidya Lakshmi portal for helping students in seeking educational loan from banks directly. Vidya Lakshmi is a centralized website for students seeking an education loan, giving access to many bank schemes. This website allows the student to fill a common education loan application form, that students can use to apply to many banks simultaneously. Visit the following link to apply for education loan. https://www.vidyalakshmi.co.in/Students/

NISM, being an institution established by the Securities market regulator (SEBI), has better connect with the industry. This facilitates remarkable placement prospects for the participants of its academic programs. Further, MNLU, Mumbai has very good placement records of its students. Depending upon the interest of the candidates, the participants may get placement opportunities in in the following fields.

• Legal professionals (Securities Markets): Market infrastructure Institutions (NSE, BSE, NSDL, CDSL, MCX e.t.c), Intermediary, Mutual fund, Alternate Investment Fund, SEBI
• Legal Researcher: Equities, Debt Markets, Currency Markets, Commodity Markets
• Legal Professionals (Banking): Banks, Financial institutions, Securitization companies, Recovery related work
• Legal Professionalswith other regulators like RBI, CCI, PFRDA etc.
• Corporate legal Advisory: Investment related legal advisory,
  Investment related legal advisory, Insolvency Resolution and Restructuring, Valuation, Compliance, Due diligence, Risk Management, Debenture Trusteeship and Custodianship
• Court Practice: Practice in the field of Investment and Securities laws

We provide placement assistance to the students and they are able to get good placements in the various Market Infrastructure institutions, Intermediaries, Banks, Financial institutions and other companies. The placement report of the first batch students 2020- 21 is available on at
Some of the recruiters visiting our campus for the placements are as follows;

• Banks: ICICI Bank, Karur Vyas Bank, Catholic Syrian bank, IDBI Bank, Ratnakar Bank Ltd., South Indian Bank, Indus bank etc.
• Stock Exchanges: National Stock Exchange(NSE), Multi Commodity Exchange (MCX), National Commodity & Derivatives Exchange Limited (NCDEX), Indian Commodity Exchange (ICEX) etc.
• Depository and Depository Participant: National Securities Depository Limited (NSDL), Central Depository Services Limited (CDSL), Stock Holding Corporation of India Limited (SHCIL) etc.
• Mutual Funds: UTI Mutual Fund, SBI mutual Fund, Mahindra Mutual Fund, Aditya Birla Sun Life Mutual Fund etc.
• Intermediaries: AK capital, AUM Capital, Funds India, Morning Star etc.

This one-year program is divided into three trimesters. The following subjects will be covered in the different trimesters.

Program Architecture

Trimester 1

Trimester 2

Trimester 3

Dissertation and internship/ field research/ project

* The students of LL.M. shall have to complete the following certifications during their course of study, as these certifications are part of the academic requirements of this program:

1. NISM-Series-VII: Securities Operations and Risk Management Certification Examination (to be completed during the 1st trimester)
2. NISM-Series-VI: Depository Operations Certification Examination (to be completed during the 1st trimester)
3. NISM-Series-V-B: Mutual Fund Foundation Certification Examination (to be completed during the 2nd trimester)
4. NISM-Series-VIII: Equity Derivatives Certification Examination (to be completed during the 2nd trimester)

Scholarship for Foreign national/NRI/NRI Sponsored Students: Scholarship of up to 30% of the tuition fee, based on merit and nationality of the students are in place

1. Merit based Scholarship:

Foreign national/NRI/NRI Sponsored students who have secured more than 70 percent in the LL.B. or equivalent examination are eligible for scholarship as per the chart mentioned below:

For availing this scholarship, it is mandatory for students to submit a valid mark sheet of the LL.B. or equivalent examination. In case, where Institute/ Universities offer grade points/ CGPA, students have to provide the percentage equivalence certificate issued by the Registrar/Controller of Examination of the Institute/University. If required,students with a graduation degree (LL.B. or equivalent examination) from a foreign University may be asked to submit the equivalence certificate from Association of Indian Universities (AIU).

2.Nationality based scholarship:

The citizens of SAARC countries, Latin American countries and African countries are eligible for nationality based scholarship of 30% of the tuition fee amount. The students applying for scholarship under this category have to produce valid documents in support of their nationality.

A student can apply for scholarship only under one of the above mentioned scholarship categories.

The concession as applicable will be provided in the 2nd Instalment of fee. The student has to pay the full 1st Instalment fee