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. |