3. FUNCTIONS OF STOCK EXCHANGE
Continuous and ready market for securities
Facilitates evaluation of securities
Encourage capital formation
Provide safety and security in dealings
Regulates company management
Provide clearing house facility
Serve as economic barometer
Facilitates bank lending
5. LISTING OF SECURITIES
Meaning
Conditions
Incorported
Prospectus
49%
1.8 crores out of 3 crore
Annual return
Types of listing
Initial listing
Listing for public issue
Listing for rights issue
Listing for bonus shares
Listing for merger and amalgamation