Bhubaneswar Stock Exchange

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Bhubaneswar Stock Exchange
Location of Bhubaneswar Stock Exchange in India
Location of Bhubaneswar Stock Exchange in India
BhSE Ltd
Location of Bhubaneswar Stock Exchange in India
Type Stock Exchange
Location Bhubaneswar, India
Coordinates 20°11′04″N 85°29′24″E / 20.184403°N 85.490065°E / 20.184403; 85.490065
Founded 1989
Owner Bhubaneswar Stock Exchange Association Limited
Securities and Exchange Board of India
Key people Gopal Chandra Nanda
Chairman
Debaraj Biswal
CEO
Currency Indian Rupee (INR)
Website www.bhseindia.com

Bhubaneswar Stock Exchange Association Ltd, (BhSE) is 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.

Operations[edit]

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, there was only 17 sub-brokers registered. The trading membership strength of Bhubaneswar Stock Exchange is 196 at present against the sanctioned strength of 350.[1]

Organisation Structure[edit]

The affairs of the BhSE are managed by a Board of Directors consisting 9 Directors from the following categories:[2]

  • 4 Public Interest Directors
  • 4 Shareholder Directors
  • 1 Director in the capacity of Chief Executive Officer (BhSE)

Happenings[edit]

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.[3]

See also[edit]

References[edit]