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'''Vadodara Stock Exchange''' ('''VSE''') is a defunct stock exchange located in the city of [[Vadodara]] and fully owned by [[Government of India]]<ref>{{cite news | url=https://www.thehindubusinessline.com/markets/sebi-orders-vadodara-stock-exchange-to-exit/article7865713.ece | title= SEBI orders Vadodara Stock Exchange to exit | date=10 November 2015 | newspaper=The Hindu Business Line | access-date=16 September 2018 }}</ref> in [[Western India]].<ref name=a>{{Cite web|url=http://www.moneycontrol.com/news-topic/vadodara-stock-exchange/|title=Vadodara Stock Exchange|website=www.moneycontrol.com|access-date=2016-08-10}}</ref> It was established in 1990 at [[Vadodara]]. It is the only existing stock exchange in the state of [[Gujarat]] along with [[Ahmedabad]].<ref name=a /> It is recognized by the Securities Contract (Regulations) Act of 1956 as a permanent stock exchange.<ref name=b>{{Cite web|url=http://www.vselindia.com/|title=Vadodara Stock Exchange Ltd|website=www.vselindia.com|access-date=2016-08-10}}</ref> | '''Vadodara Stock Exchange''' ('''VSE''') is a defunct stock exchange located in the city of [[Vadodara]], and fully owned by [[Government of India]]<ref>{{cite news | url=https://www.thehindubusinessline.com/markets/sebi-orders-vadodara-stock-exchange-to-exit/article7865713.ece | title= SEBI orders Vadodara Stock Exchange to exit | date=10 November 2015 | newspaper=The Hindu Business Line | access-date=16 September 2018 }}</ref> in [[Western India]].<ref name=a>{{Cite web|url=http://www.moneycontrol.com/news-topic/vadodara-stock-exchange/|title=Vadodara Stock Exchange|website=www.moneycontrol.com|access-date=2016-08-10}}</ref> It was established in 1990 at [[Vadodara]]. It is the only existing stock exchange in the state of [[Gujarat]] along with [[Ahmedabad]].<ref name=a /> It is recognized by the Securities Contract (Regulations) Act of 1956 as a permanent stock exchange.<ref name=b>{{Cite web|url=http://www.vselindia.com/|title=Vadodara Stock Exchange Ltd|website=www.vselindia.com|access-date=2016-08-10}}</ref> | ||
From a humble beginning in 1986 with the Vadodara Stock Brokers' Association having 150 members, it was incorporated on 22 January 1990 as Vadodara Stock Exchange Limited. By 1999, the exchange had a total of 321 brokers, of which 65 were corporate brokers, 253 were proprietor brokers, and 3 were partnership brokers. Then, there were only 85 sub-brokers registered.<ref name=b /> | From a humble beginning in 1986 with the Vadodara Stock Brokers' Association having 150 members, it was incorporated on 22 January 1990 as Vadodara Stock Exchange Limited. By 1999, the exchange had a total of 321 brokers, of which 65 were corporate brokers, 253 were proprietor brokers, and 3 were partnership brokers. Then, there were only 85 sub-brokers registered.<ref name=b /> | ||