SOCIETY FOR CAPITAL MARKET RESEARCH & DEVELOPMENT

SCMRD

 

ORIGIN AND PURPOSE

The Society for Capital Market Research & Development (SCMRD) is a non-government not-for-profit tax-exempt research body. It was registered on 4th October, 1989 at Delhi under the Societies Registration Act. (Registration No. S / 20422)

Its creation proved very timely and was widely welcomed in official, financial and academic circles. The Ministry of Finance, Government of India, as well as the SEBI entrusted it with certain important studies. The Department of Scientific & Industrial Research, Government of India, has recognised it for tax exemption to donors u/s 35(1) (iii).

Its mission has been to promote the development of the capital market and  protection of  investors.

"THINK TANK" for CAPITAL MARKET DEVELOPMENT 

The Society acts as an independent "Think Tank". It develops research ideas in consultation and collaboration with the regulatory and operating organisations. This ensures that its research is made to bear on practical problems.

An outstanding example of the contribution made by the Society's studies is that of its 1991-study, entitled Stock Exchange Trading in India : Agenda for Reform. The revolutionary idea of creating the National Stock Exchange arose out of this study. The Pherwani Committee, on which the Society was represented through its Director, recommended the idea and it was followed up by the Society at the Finance Ministry level.

The Society has throughout been playing a very crucial role in the reform and development of the Indian capital market.

 


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