Through this communication I wish to place on record my gratitude to the National Council of ANMI 2011-12 and thank all members, for reposing faith and confidence in me and bestowing upon me the responsibilities of President of your Association. In my most humble way, I wish to assure all members of the Association that your faith and confidence will strengthen my hands and determination to work for the Community with unflinching dedication, sincerity and to the best of my capability.
I feel privileged to have a very worthy Alternate President in Mr. Nav Ratan Tibrewala whose dedication, commitment and sincerity is unparalleled and is known to all of us.
Since its inception, ANMI has grown in its status and shown commitment to the fraternity in their cause and concern in the most ethical and professional manner. It is a highly respected body whose views are considered and deliberated upon by all statutory and regulatory authorities, be it Ministry of Finance, SEBI, the Exchanges and other institutions connected with Capital Market. Not only ANMI is a member on the Secondary Market Advisory Committee (SMAC) constituted by SEBI but also is a founder member of Asian Federation for Investors Education. Here, I would like to record my gratitude to our founding Past Presidents for their vision and regional chairmen who carried the torch enlightened with their relentless and innovative efforts.
On the International platform, ANMI has established productive links with many Global Associations like KOFIA, JSDA,ASCO, ICMA, ICSA, IOSCO etc. which are pursuing similar objectives. ANMI is regularly invited to participate in their annual events which provides our officials to interact with their counterpart across the globe. Investors Education and Protection would continue to be core focus of ANMI activities and would be pursued aggressively. Another major concern to be attended is the continuous shallowing of market depth, poorer retail participation coupled with increased cost of establishment and infra-structure.
No participant body can develop and create its niche unless it augments its resources, develops research facilities and enforce a strict Code of Conduct amongst its members. ANMI is making all necessary efforts to support member's cause to every extent possible. While we look forward to enhance the pace of our progress, it is pertinent that a focused effort is to be put in areas identified for implementation. This is possible by having a committed group of people to take care of each of these areas by constituting specific Committees. Details of such Committees are placed as Annexure to this letter so that members can bring any matter of interest to capital market to the notice of respective committee and which shall provide valuable feedback through their regions/chapters.
We shall continue to articulate genuine needs and concerns of our members with various authorities and shall look forward to continued support and guidance from all members and particularly from our Past Presidents and Regional Chairmen.
I request all members and regional officials to share their views for larger benefit and continued growth of Capital Market in the most ethical ways to ensure proper service to our investors at large.
Once again, I thank you all for affording me this opportunity to serve you as your President and assure you my commitment to serve the Association to the best of my ability.
Dr. Naresh Maheshwari