Magadh Stock Exchange

Magadh Stock Exchange Association
Type Stock Exchange
Location Patna, India
Founded 1986
Owner Magadh Stock Exchange Limited
Currency ₹

Magadh Stock Exchange Association Ltd (MSEA) is located in Patna, India. It was established in the year 1986.[1] It is one among the 25 odd regional stock exchanges in India. The exchange was disbanded on September 3, 2007 by Securities and Exchange Board of India (SEBI).[2]

History

by 1999-2000, the Magadh Stock Exchange had a total of 199 brokers, out of which 15 were corporate brokers. Among 199 brokers, it was further classified as 183 proprietor brokers, 1 partnership broker and 5 corporate brokers. Then, there were only 2 sub-brokers registered.

In September 2005, the Magadh Stock Exchange was corporatised and demutualised in accordance with the provisions of the Securities Contracts (Regulation) Act, 1956.[3]

On 17 August 2000, the Magadh Stock Exchange became the only regional stock exchange in the country to trade on the National Stock Exchange of India (NSE), the Bombay Stock Exchange (BSE), Calcutta Stock Exchange (CSE) and the Interconnected Stock Exchange (ISE) when the exchange finally got connected to the NSE through ISE.[4]

See also

References

  1. ↑ "History of stock exchanges, Introduction, Calcutta Stock Exchange, Delhi Stock Exchange, India". Appuonline.com. 1946-12-31. Retrieved 2012-06-15.
  2. ↑ http://www.sebi.gov.in/investor/stockexchadd.html
  3. ↑ "Securities and Exchange Board of India - Print Page". Sebi.gov.in. Retrieved 2016-09-18.
  4. ↑ "Magadh stock exchange begins trading on NSE". Financialexpress.com. 2000-08-18. Retrieved 2012-06-15.

This article is issued from Wikipedia - version of the 9/18/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.