OTHER PROMINENTSTOCK EXCHANGES IN INDIA PREPARED BY:- SREEJITH.D III BBM RVS COLLEGE OF ARTS AND SCIENCE
STOCK EXCHANGE - INTRODUCTION► A stock exchange is a form of exchange which provides services for stock brokers and traders to trade stocks, bonds, and other securities.► Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and dividends.► Securities traded on a stock exchange include shares issued by companies, unit trusts, derivatives, pooled investment products and bonds.
HISTORY OF STOCK MARKET (PRE INDEPENDENCE)YEARS EVENTS1874 rapidly developing share trading business1875 "The Native Share and Stock Brokers Association" (also known as "The Bombay Stock Exchange") was established in Bombay1894 Establishment of "The Ahmadabad Share and Stock Brokers Association"1908 "The Calcutta Stock Exchange Association" was formed1936 Merger of the Lahore Stock Exchange with the Punjab Stock Exchange1937 Re-organisation and set up of the Madras Stock Exchange Limited (Pvt.)1947 "Delhi Stock and Share Brokers Association Limited" and "The Delhi Stocks and Shares Exchange Limited" were established and later on merged into "The Delhi Stock Exchange Association Limited"
OTHER PROMINENT STOCK EXCHANGES IN INDIA► OVER THE COUNTER EXCHANGE OF INDIA ( OTCEI)► THE UTTAR PRADESH STOCK EXCHANGE► THE DELHI STOCK EXCHANGE
OTCEI► OTCEI was incorporated in 1990 as a Section 25 company under the Companies Act 1956 and is recognized as a stock exchange under Section 4 of the Securities Contracts Regulation Act, 1956.► It was set up to provide investors with a convenient, efficient and transparent platform for dealing in shares and stocks;► It also helps in enterprising promoters set up new projects or expand. their activities, by providing them an opportunity to raise capital from the capital market in a cost-effective manner.
SALIENT FEATURES OF OTCEI► Ringless and Screen-based Trading► Transparency of Transactions► Technology► Nation-wide Listing► Sponsorship► Listing of Small and Medium-sized Companies► Bought-out Deals
BENEFITS OF LISTING IN OTCEI ARE► Small and medium closely-held companies can go public.► The OTCEI encourages entrepreneurship.► Companies can get the money before the issue in cases of Bought-out-deals.► It is more cost-effective to come with an issue of OTCEI.► Small companies can get listing benefits.► Easy issue marketing by using the nation-wide OTCEI dealer network.► Nation-wide trading by listing at just one exchange .
UTTAR PRADESH STOCK EXCHANGE► U.P. Stock Exchange Limited (Formerly known as The U.P.Stock Exchange Association Ltd., Kanpur) occupies a very prominent place among the existing Stock Exchanges in India.► The Exchange was inaugurated on 27th August, 1982 by the then Finance Minister Shri Pranab Mukherjee► Initially it had 350 members which has now increased to 540 members belonging to almost all important cities of the country.► Total capitalization Rs.81184 Crores
THE DELHI STOCK EXCHANGE► The Delhi Stock Exchange (DSE) is located in New Delhi, India. It was incorporated on June 25, 1947.► The exchange is an amalgamation of Delhi Stock and Share Brokers Association Limited and the Delhi Stocks and Shares Exchange Limited.► It is Indias fifth exchange.► The exchange is one of the premier Stock Exchange in India.► The Delhi Stock Exchange is well connected to 50 cities with terminals in North India.► The exchange has over 3,000 listed companies. It has received the market regulators permission from BSE and has become a member.► Now it facilitates the DSE members to trade on the BSE terminals. The exchange is also considered the same from NSE.