Press Esc to close
Friday 28 November 2014
News updated at 7:42 PM IST
Weather
Max: 29.2°C
Min : 16.5°C
In Bengaluru
Sunny day

16 regional SEs defunct

New Delhi, Nov 24, 2012, PTI :
Namo Narain Meena

The government said there are about 16 regional bourses, including Delhi Stock Exchange (DSE), in the country are in the defunct state.

Currently, there are 16 bourses which are not operational as they could not have their own trading platform, Minister of State for Finance Namo Narain Meena informed Rajya Sabha.

Ahmedabad Stock Exchange, Bangalore Stock Exchange, Bhubneshwar Stock Exchange, Cochin Stock Exchange, Vadodara Stock Exchange and Delhi Stock Exchange, among others, are not operational.

The Minister also said the market regulator Sebi had laid down policy for in May this year for compulsory de-recognition of such defunct regional stock exchanges.


According to new guidelines, the defunct stock exchanges are allowed to seek voluntary surrender of recognition and exit. The stock exchanges which fail to achieve to maintain an turnover of Rs 1,000 crore would have to close shops within two years of the guidelines issued. 

Go to Top

Photo Gallery
Prime Minister Narendra Modi on his departure after attending SAARC summit...

Prime Minister Narendra Modi on his departure after attending SAARC summit...

A boy salvages for belongings amid the debris of his house in Mumbai...

A boy salvages for belongings amid the debris of his house in Mumbai...

Shyam Benegal with Naseeruddin Shah during the launch of the latter's book...

Shyam Benegal with Naseeruddin Shah during the launch of the latter's book...

Actor turned politician Kushboo with Congress vice president Rahul Gandhi...

Actor turned politician Kushboo with Congress vice president Rahul Gandhi...

An Indian army soldier keeps vigil near Pindi Khattar village...

An Indian army soldier keeps vigil near Pindi Khattar village...

Men play soccer at a field in Peshawar...

Men play soccer at a field in Peshawar...

NorthEast United FC players celebrate their third goal against Chennaiyin FC...

NorthEast United FC players celebrate their third goal against Chennaiyin FC...

An injured soldier is taken to hosp during a gunbattle with militants at Pindi Khattar village...

An injured soldier is taken to hosp during a gunbattle with militants at Pindi Khattar village...

Netanyahu attends the annual memorial ceremony for Israel's first prime minister, David Ben-Gurion..

Netanyahu attends the annual memorial ceremony for Israel's first prime minister, David Ben-Gurion..

Sharif holds hands with  Modi and  Ashraf Ghani during the closing session of the SAARC summit...

Sharif holds hands with Modi and Ashraf Ghani during the closing session of the SAARC summit...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523