Coimbatore Stock Exchange

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The Coimbatore Stock Exchange Limited, (CSX) is a defunct stock exchange in Coimbatore, India. It was granted recognition as a stock exchange by the Securities and Exchange Board of India (SEBI) in 1991.[1]

In 1997, the exchange had refrained from restraining its members from furnishing unlimited personal guarantee to other exchanges.[2]

The Exchange had failed to renew its licence with the SEBI in 2006, and in 2009, it made a formal request to the board to exit the trading business in 2009.[1]

Prior to it becoming defunct, 170 companies were listed on the exchange.[3] The exchange became dormant in the early 2000s due to the advent of online trading on larger stock exchanges.[4]

See also[edit]

References[edit]

  1. ^ a b "SEBI allows exit of Coimbatore Stock Exchange as bourse". The Hindu. April 4, 2013. Retrieved Feb 3, 2014. 
  2. ^ "Coimbatore SE members allowed to furnish personal guarantee". Coimbatore. The Indian Express. June 20, 1997. Retrieved Feb 3, 2014. 
  3. ^ Vijaykumar, Sanjay (March 30, 2012). "Sebi seeks more time to mull battleground Coimbatore stock exchange’s future". Chennai. Economic Times. Retrieved Feb 3, 2014. 
  4. ^ R Y, Narayanan (January 5, 2005). "Hopes on revival of Coimbatore bourse". Coimbatore. The Hindu. Retrieved Feb 3, 2014.