Magadh Stock Exchange
| 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 3 September 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
- List of South Asian stock exchanges
- List of stock exchanges in the Commonwealth of Nations
- Economy of Bihar
References
- ^ "History of stock exchanges, Introduction, Calcutta Stock Exchange, Delhi Stock Exchange, India". Appuonline.com. 31 December 1946. Retrieved 15 June 2012.
- ^ http://www.sebi.gov.in/investor/stockexchadd.html
- ^ "Securities and Exchange Board of India - Print Page". Sebi.gov.in. Retrieved 18 September 2016.
- ^ "Magadh stock exchange begins trading on NSE". Financialexpress.com. 18 August 2000. Retrieved 15 June 2012.