Magadh Stock Exchange: Difference between revisions
update |
|||
| Line 11: | Line 11: | ||
}} |
}} |
||
'''Magadh Stock Exchange Association''' Ltd (MSEA) is located in [[Patna]], India. It was established in the year 1986.<ref>{{cite web|url=http://www.appuonline.com/appu/investment/about.html |title=History of stock exchanges, Introduction, Calcutta Stock Exchange, Delhi Stock Exchange, India |publisher=Appuonline.com |date=1946-12-31 |accessdate=2012-06-15}}</ref> It is [[List of stock exchanges |
'''Magadh Stock Exchange Association''' Ltd (MSEA) is located in [[Patna]], India. It was established in the year 1986.<ref>{{cite web|url=http://www.appuonline.com/appu/investment/about.html |title=History of stock exchanges, Introduction, Calcutta Stock Exchange, Delhi Stock Exchange, India |publisher=Appuonline.com |date=1946-12-31 |accessdate=2012-06-15}}</ref> It is [[List of South Asian stock exchanges|one among the 25 odd regional stock exchanges in India]]. On September 3, 2007, [[Securities and Exchange Board of India]] (SEBI) decided to derecognize the Magadh Stock Exchange.<ref>http://www.sebi.gov.in/investor/stockexchadd.html#E4</ref> |
||
==History== |
==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. |
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. |
In September 2005, the Magadh Stock Exchange was corporatised and demutualised in accordance with the provisions of the Securities Contracts (Regulation) Act, 1956.<ref>http://www.sebi.gov.in/sebiweb/home/document_detail.jsp?link=http://www.sebi.gov.in/cms/sebi_data/docfiles/11345_t.html</ref> |
||
On 17 August 2000, the Magadh Stock Exchange became the only [[List of stock exchanges#India|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 [[Interconnected Stock Exchange|ISE]].<ref>{{cite web|url=http://www.financialexpress.com/old/fe/daily/20000818/fns18079.html |title=Magadh stock exchange begins trading on NSE |publisher=Financialexpress.com |date=2000-08-18 |accessdate=2012-06-15}}</ref> |
On 17 August 2000, the Magadh Stock Exchange became the only [[List of stock exchanges#India|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 [[Interconnected Stock Exchange|ISE]].<ref>{{cite web|url=http://www.financialexpress.com/old/fe/daily/20000818/fns18079.html |title=Magadh stock exchange begins trading on NSE |publisher=Financialexpress.com |date=2000-08-18 |accessdate=2012-06-15}}</ref> |
||
Revision as of 09:18, 18 September 2016
| 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. On September 3, 2007, Securities and Exchange Board of India (SEBI) decided to derecognize the Magadh Stock Exchange.[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
- ^ "History of stock exchanges, Introduction, Calcutta Stock Exchange, Delhi Stock Exchange, India". Appuonline.com. 1946-12-31. Retrieved 2012-06-15.
- ^ http://www.sebi.gov.in/investor/stockexchadd.html#E4
- ^ http://www.sebi.gov.in/sebiweb/home/document_detail.jsp?link=http://www.sebi.gov.in/cms/sebi_data/docfiles/11345_t.html
- ^ "Magadh stock exchange begins trading on NSE". Financialexpress.com. 2000-08-18. Retrieved 2012-06-15.