NISM LL.M. in Securities & Insolvency Laws: Admission, Syllabus & Entrance Practice
The joint LL.M. program offered by NISM and Maharashtra National Law University (MNLU Mumbai) is India's premier specialized postgraduate law degree in capital markets and corporate restructuring.
Quick Facts & Exam At-A-Glance
Overview & Context
The Master of Laws (LL.M.) in Insolvency and Bankruptcy Laws and Securities Regulations is a pioneering 1-year full-time residential postgraduate law program conducted jointly by Maharashtra National Law University Mumbai (MNLU Mumbai) and the National Institute of Securities Markets (NISM). It prepares legal minds to master SEBI regulations, IBBI jurisprudence, takeovers, and corporate securities litigation.
Why NISM LL.M. is India's Top Securities Law Degree
Standard Indian LL.M. degrees focus heavily on constitutional law and criminal jurisprudence. In contrast, the NISM-MNLU LL.M. is laser-focused on economic laws and financial markets:
- Joint Degree from a National Law University: Degree conferred by MNLU Mumbai with curriculum designed and delivered at NISM's 70-acre world-class Patalganga campus.
- Direct Interaction with SEBI & IBBI Regulators: Classes conducted by serving and retired SEBI whole-time members, SAT judges, NCLT practitioners, and senior corporate partners.
- Access to High-End Infrastructure: Bloomberg terminals, financial research databases (Manupatra, SCC Online, HeinOnline), and simulated corporate moot courts.
- High Career Placement ROI: Graduates are actively recruited by Tier-1 corporate law firms (Shardul Amarchand Mangaldas, Cyril Amarchand Mangaldas, AZB & Partners, Trilegal), in-house legal counsels of investment banks, and regulatory bodies.
Eligibility Criteria & Admission Process
Candidates must satisfy the following admission prerequisites:
- Academic Qualification: An LL.B. Degree or equivalent qualification from a recognized university with not less than 50% marks (45% in case of SC/ST categories).
- Qualifying Exam: Candidates are selected through an All-India Entrance Test conducted jointly by MNLU and NISM, or via valid CLAT PG scores followed by a Personal Interview.
- Application Window: Admissions typically open in March-April, with the entrance test held in June and classes commencing in August.
Comprehensive Curriculum & Core Modules
The 1-year program is divided into rigorous trimesters:
- Trimester 1: Research Methodology, Law and Justice in a Globalizing World, Foundations of Financial Markets, Securities Contract (Regulation) Act (SCRA).
- Trimester 2: SEBI Act & Regulations (ICDR, LODR, PIT, SAST Takeover Code), Insolvency and Bankruptcy Code (IBC 2016), Corporate Insolvency Resolution Process (CIRP), Liquidation mechanics.
- Trimester 3: Cross-Border Insolvency & UNCITRAL Model Law, Financial Derivatives Regulation, Securitisation and SARFAESI Act, Master's Thesis & Dissertation.
Practice Test: NISM LL.M. in Securities & Insolvency Laws
Test your comprehension right now with high-yield multiple-choice questions. Select an answer to see instant explanations.
Under the Insolvency and Bankruptcy Code, 2016 (IBC), what is the statutory default timeline for completion of the Corporate Insolvency Resolution Process (CIRP), including extensions?
Under SEBI (Prohibition of Insider Trading) Regulations, 2015, what does UPSI stand for?
Before which statutory authority can an appeal be filed against an order passed by the Securities and Exchange Board of India (SEBI)?
Under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, what is the initial trigger threshold of voting rights that mandates an acquirer to make an Open Offer to public shareholders?
Which committee is responsible for approving or rejecting a resolution plan during a Corporate Insolvency Resolution Process (CIRP)?
Frequently Asked Questions (FAQ)
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