PRIMARY MARKET SECONDARY MARKET
HSC Board – Role of a Secretary in Capital Formation, Distinguish between Primary Market & Secondary Market – Point of Discussion – HSC Board– Easy way to learn and memorized – class 12th – S.P – Notes of role of secretary in capital formation – Difference between Primary market and secondary market , point of discussion – primary market and secondary market of Shares – Role of a Secretary in Capital Formation – Secretarial Practice – Notes, & Distinguish Between – according to the New Textbook for HSC Board – Difference between, Study material, studies notes, study notes.
|Sr. No||Discussion||Primary Market||Secondary Market|
|1.||Meaning||The market is utilized for raising fresh capital in the form of shares and debentures.||It is a market where existing securities are resold or traded.|
|2.||Function||The function is to raise long term funds through fresh issue of securities.||The function is to provide continuous and ready market for existing long term securities.|
|3.||Participants||The participants are financial institutions, mutual fund, under writer, individual investor||The participants of primary market as well as the stock brokers and the members of the stock exchange are the participants.|
|4.||Listing||Listing is not required||Only listed securities can be dealt in the secondary market.|
|5.||Determinants of Prices||The prices are determined by the management of the corporate houses with due compliance with the SEBI requirements for new issue of securities.||In case of secondary market the prices are determined by forces of demand and supply in the market and they keep on fluctuating.|