16 regional bourses are not operational: Govt
Quotes

16 regional bourses are not operational: Govt

Last Updated: Thursday, November 22, 2012, 17:44
 
 Comment 0
 
16 regional bourses are not operational: Govt
New Delhi: The government Thursday 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 a turnover of Rs 1,000 crore would have to close shops within two years of the guidelines issued.

PTI


First Published: Thursday, November 22, 2012, 17:44


Comments


comments powered by Disqus
India`s top ten billionaires
India`s top ten billionaires
Pradhan Mantri Jan Dhan Yojana - In Pics
Pradhan Mantri Jan Dhan Yojana - In Pics
Apple Smartwatch unveiled
Apple Smartwatch unveiled
Apple iPhone 6, iPhone 6 plus
Apple iPhone 6, iPhone 6 plus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved