SEBI is key regulatory body for capital market in the country. All new issues of shares, debentures, bonds and all intermediaries operating in capital market are subject to control by SEBI.

IRDA is key regulatory body in insurance sector of both life as well as non-life insurance. All insurance companies are required to get license from IRDA and work in accordance with guidelines issued by IRDA.

This is a part of lecture presented by Varsha Sharma, Asst. professor of Biyani Girls College. The video is about The internal rate of return (IRR) or economic rate of return (ERR) is a rate of return used in capital budgeting to measure and compare the profitability of investments. It is also called the discounted cash flow rate of return (DCFROR) or the rate of return (ROR).

Audit is examination of books, accounts, records, statements by independent agency with the help of Boucher to ascertain true and fair view on a particular date.

Most of the financial instruments are easily marketable, security value, easy liquidity, some have tax benefit and return on them depends upon relative risk.

These are services rendered by financial institutions, they may be fund based, Fee based services and modern services like Risk Management, Portfolio Management etc.

Main objectives is to ascertain and certify true and fair view of financial position of business. Supplementary Audit are detection and prevention of errors and frauds.

Merchant bankers also provides portfolio management. Corporate restructuring, off-shore financing and revival package of sick units.