Synopsis The capital markets play a key role in financial development and liberalization process in developing economies. A well organized capital market is expected to perform disciplinary, allocative and investor protection functions effectively and efficiently. This will lead to effective channelisation of foreign as well as domestic capital flow for corporate growth. As developing economies are prone to threat from external events, it is crucial that they develop a financial system that divulge perfect information, minimizes transaction cost and leads to efficient capital allocation for the purpose of investment. In India, over the last decade and a half, in consonance with the restructuring of international financial market, major organizational changes have taken place like, liberalization of the economy, the integration of capital markets, the increasing dominance of institutional investors, the emergence and development of new financial techniques and instruments and the growth of emerging markets. The given book based on proceedings of a national seminar on capital market reforms includes theoretical and empirical evidence on: Financial Products, Trading Mechanism and Financial Services, Disclosure and Investor’s Protection and emerging issues in capital markets.