Calcutta Stock Exchange: Difference between revisions

'''Calcutta Stock Exchange''' ('''CSE''') located at the Lyons Range, [[Kolkata]], [[India]], is the second oldest Indian [[Government of India|government owned]] stock exchange in [[South Asia]]. It was founded on 1st December 1863 and ran from rented premises on No. 11 Strand Road with 16 leading share-brokers in Calcutta at that time<ref name=":0">{{Cite news|date=5 December 1863|title=BENGAL|work=Bombay Gazette|url=https://www.britishnewspaperarchive.co.uk/viewer/bl/0002920/18631205/047/0003|access-date=5 July 2021}}</ref>. It was reconstituted in its current form in 1908 and is the second largest bourse in India.<ref>[http://www.cse-india.com/cse_factbook.htm CSE Factbook] {{webarchive|url=https://web.archive.org/web/20060419055547/http://cse-india.com/cse_factbook.htm |date=2006-04-19 }}. Calcutta Stock Exchange Association Ltd.</ref> The Calcutta Stock Exchange has been asked to exit by SEBI but the matter is subjudice before [[Calcutta High Court]] while other 13 regional stock exchanges have closed in the last three years under the exit policy of SEBI, including [[Bangalore Stock Exchange]], [[Hyderabad Stock Exchange]] and [[Madras Stock Exchange]]<ref>{{Cite news|url=http://indianexpress.com/article/business/banking-and-finance/regional-stock-exchanges-business-model-obsolete-sebi-4478783/|title=Regional stock exchanges’ business model obsolete: Sebi|date=2017-01-17|work=The Indian Express|access-date=2017-05-13|language=en-US}}</ref>

In 1830, the bourse activities in Kolkata were conducted under a [[neem]] tree.<ref name="slant">{{cite news |url=http://www.telegraphindia.com/1071108/asp/calcutta/story_8524599.asp |title=Lights on at Lyons Range - Bombay bourse boost for city exchange |newspaper=The Telegraph|date=8 November 2007 |access-date=27 December 2008}}</ref> The earliest record of dealings in securities in India is the [[British East India Company]]’s loan securities. It was founded on 1st December 1863 and ran from rented premises on No. 11 Strand Road with 16 leading share-brokers in Calcutta at that time. The premises also had a library open to the public which can be accessed after paying an admission fee.<ref name=":0" /> In 1908, the stock exchange was reconstituted in its current form and consisted of 150 members. The present building at the Lyons Range was constructed in 1928. The Calcutta Stock Exchange Ltd was granted permanent recognition by the [[Government of India]] with effect from 14 April 1980, under the relevant provisions of the Securities Contracts (Regulation) Act, 1956. The Calcutta Stock Exchange followed the [[open outcry]] system for stock trading until 1997, when it was replaced by C-STAR (CSE Screen Based Trading And Reporting), an [[electronic trading platform]].<ref>{{cite news |url=http://www.business-standard.com/india/news/cse-to-focussmaller-companies/00/11/341902/ |title=CSE to focus on smaller companies |author=Pradeep Gooptu |author2=Namrata Achary |date=2 December 2008 |access-date=27 December 2008 |publisher=Business Standard}}</ref>