|
|
........................................................................................................................................................................................................................................................................................................................... |
Bombay Stock Exchange (BSE) is the oldest stock exchange in Asia. Today it's a modern exchange and was the second exchange in the world to obtain an ISO 9001:2000 certifications. It is the world's 5th most active in terms of number of daily trades. BSE was established in the year 1875 and became the first stock exchange in India to be recognised by the government. With its nearly 5 000 listed companies BSE is the largest securities exchange in the world. BSE is located in the heart of Mumbai's finacial district at Dalal Street, popularly known as the Wall Street of India. In the early days, BSE was known as "The Native Share & Stock Brokers Association and in 1956, BSE obtained a permanent recognition from the Government of India under the Securities Contracts (Regulation) Act, 1956. In the past and even now, it plays a pivotal role in the development of the country's capital market. This is recognised worldwide and its index, SENSEX, is also tracked worldwide. Earlier it was an Association of Persons (AOP), but now it is a demutualised and corporatised entity incorporated under the provisions of the Companies Act, 1956, pursuant to the BSE (Corporatisation and Demutualisation) Scheme, 2005 notified by the Securities and Exchange Board of India (SEBI). |