Bhubaneswar Stock Exchange | |
Type: | Stock Exchange |
City: | Bhubaneswar |
Country: | India |
Coor: | 20.1844°N 85.4901°W |
Founded: | 1989 |
Owner: | Bhubaneswar Stock Exchange Association Limited Securities and Exchange Board of India |
Key People: | Gopal Chandra Nanda Chairman Debaraj Biswal CEO DV Ramana Director |
Homepage: | www.bhseindia.com |
Bhubaneswar Stock Exchange (BhSE) was a stock exchange located in Bhubaneswar, Odisha, India. It was incorporated on 17 April 1989, and granted recognition to the Stock Exchange on 5 June 1989, by the Ministry of Finance, Govt. of India. It is one among the 21-odd regional stock exchanges in India.
By 1999–2000, the exchange had a total of 234 brokers, out of which 15 were corporate brokers. Among 234 brokers, it was further classified as 209 proprietor and 15 corporate broker. Then, only 17 sub-brokers were registered. The trading membership strength of Bhubaneswar Stock Exchange is 196 at present against the sanctioned strength of 350.[1]
On 15 September 2005, SEBI approved the corporatisation and demutualisation schemes of the Bhubaneshwar Stock Exchange which were required in accordance with the provisions of the Securities Contracts (Regulation) Act, 1956.[2] [3]