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India International Stock Exchange
- 2. About India INX •In 2007 Percy Mistry Committee report recommended setting up of IFC in India •This is India’s 1st International Exchange set up at GIFT City •This is fully owned subsidiary of BSE •This is world’s most advanced technological platform with a turn-around time 4 micro seconds which operates 22 hours a day
- 3. BSE Journey
- 4. Board of Directors Mr. Ashishkumar Chauhan Non Executive Chairman Mr. V. balasubramaniam Managing Diretor & CEO Mr. Nehal Vohra Director Dr. Ajit Ranade Independent Director Mr. Anand Sinha Independent Director
- 5. Value Preposition • Easy Entry • Tax incentives • Single market structure • Funds remittance • Commodity trading • Position limits • Transparent environment • Clearing and settlement
- 6. Who can be Client?
- 7. Permissible Securities • Equity shares of a company incorporated outside India • Depository receipt(s) • Debt securities issued by eligible issuers • Currency and interest rate derivatives • Index based derivatives such other securities as may be specified by Board • Commodity Derivative
- 8. Product Specification Product type Contract size Index F & O S&P BSE SENSEX S&P BSE SENSEX 50 Commodity Futures Gold Sliver Copper Global Equity Futures Apple INC Facebook INC Microsoft Corporation Alphabet INC (Google) J P Morgan Chase Indian equity derivatives Reliance Industries LTD. HDFC Bank LTD. Axis Bank LTD. Infosys TCS Maruti Suzuki India Tata Motors ICICI Bank L&T LTD. SBI LTD.
- 9. Membership @ India INX Types of Members:- •Trading Member (TM) •Trading Cum Self Clearing Member (TSM) •Trading Cum Clearing Member (TCM) •Professional Clearing Member (PCM)
- 10. Membership Process •Apply for name availability for incorporating new company (Wholly Owned Subsidiary of SEBI Approved Member) with ROC for setting up IFSC unit including (IFSC) word as a part of name •After name availability confirmation from ROC, obtain NOC from GIFT SEZ or any co-developer for usage of GIFT address for incorporation •After provisional allotment of space, apply for company formation with ROC and obtain certificate of Incorporation and also apply for PAN Card allotment •Issuance of Letter of Approval (“LOA ) as per SEZ Act, 2005 and Rules, 2006 and submission of acceptance letter‟ •Representation before unit approval committee, if no query found on scrutiny of application •Post formation of company an application is to be made to the concerned Development Commissioner of SEZ for unit •Application to be made to Indian INX & SEBI for membership and approval for starting operations in IFSC •Execution of Bond Cum Legal undertaking in accordance to SEZ Act and Rules for availing various types of benefits available
- 11. Thank You