Calcutta Stock Exchange Association Limited , popularly the Calcutta Stock Exchange (CSE), located at the Lyons Range, Kolkata, India, was incorporated in 1908 and is the second largest bourse in India.[1] Kolkata (Bangla: কলকাতা; formerly known as Calcutta) is the capital city of the Indian state of West Bengal. ...
In 1830s, the bourse activities in Kolkata used to conducted under a neem tree . The earliest record of dealings in securities in India is the British East India Company’s loan securities. In 1908, the stock exchange was incorporated and had consisted of 150 members. The present building at the Lyons Range was constructed in 1928. The Calcutta Stock Exchange has been granted permanent recognition by the Central Government with effect from April 14, 1980 under the relevant provisions of the Securities Contracts (Regulation) Act, 1956. The Calcutta stock exchange followed the familiar outcry system for stock trading up until 1997, when it was replaced by an electronic (eTrading) system known as C-STAR (CSE Screen Based Trading And Reporting). Binomial name Azadirachta indica A.Juss. ... The British East India Company, sometimes referred to as John Company, was a joint-stock company string of investors, which was granted a Royal Charter by Elizabeth I on December 31, 1600, with the intent to favour trade privileges in India. ... eTrading, also called e-Trading, is how people in the financial services industry refer to electronic trading - i. ...
Profile
Committee
The committee of the Calcutta Stock Exchange Association Limited is superseded by SEBI and by the appointed administrator Mr. Tushar Kanti Das (IAS retired). Securities and Exchange Board of India (SEBI) is a board (corporate body) appointed by the Government of India in 1992 with its head office at Mumbai. ... The Indian Administrative Service (IAS), also called the Steel frame of India, was born out of the need to have a strong administrative network to assist the executive arm of the Government in implementing its policies and decisions effectively. ...
Public representatives
V.P.Ramachandran, IAS(Retd.)
Biswajit Choudhuri
Tallen Kumar, IAS
D.Chakraborty, IRS(Retd.)
Abhirup Sarkar
D.Paul, WBHJS(Retd.)
D.Basu, WBHJS(Retd.)
B.P.Dasgupta, WBHJS(Retd.)
Senior executives
P. K. Ray - Secretary
K.Mukhopadhyay - Deputy Secretary
P. Kumar - Manager-Market Operation, Margin & Legal
D. Biswas - Manager-Securities
M.A.V Raju - Manager-Surveillance and Inspection
P. S. Mohapatra - Manager-Information Technology
D. Chakraborty - Manager-Accounts and Administration
Though Stock Broking was practiced in Calcutta as early as 1836, the members of the broking profession had neither any code of conduct for their guidance, nor any permanent place for congregation.
The authorities of the StockExchange have already initiated measures for obtaining larger premises, so that the hardship faced by members due to acute shortage of space is mitigated.
The Annual turnover of the Exchange in 1997-98 was to the tune of Rs, 1,78,779 crores.
Stockexchange sources said that president Kamal Parekh, vice-president K K Daga and six directors -- J M Choudhary, Girish Mehta, Karan Bachhawat, Ajit Khandelwal, Rajendra Kumar Agrawal and Bipin Kumar Dewra -- resigned in connection with the proposal of the demutualisation mooted by the Securities and Exchange Board of India for stockexchanges.
The resignation of all the elected members on the governing board of the CalcuttaStockExchange was 'not unexpected' and planned late last night, even as the bourse was looking at all possible options in the wake of the new development.
The sources said that the CSE elected members were expecting that the market regulator would take the line as it did in the case of BSE, where it did not recognise the newly elected members of the bourse, and supercede the board of Lyons Range.
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