Saurashtra Kutch Stock Exchange
Encyclopedia
Saurashtra Kutch Stock Exchange Limited is one of three stock exchange
in Gujarat. It is located at Sadar Bazaar
, Rajkot, India
. Saurashtra Kutch Stock Exchange Ltd was incorporated in the month of July 1989 and got recognition from the Government of India
. The recognition have been renewed from time to time by the Central Government and SEBI
.
and NSE
by forming a subsidiary company and thereby to provide trading platform to the brokers of regional stock exchanges. Accordingly, many stock exchanges have floated subsidiary company for acquiring membership of BSE or NSE. Our stock exchange has also floated a subsidiary company namely SKSE Securities Limited which is a 100% subsidiary of Saurashtra Kutch Stock Exchange Ltd. This subsidiary has acquired membership of BSE and NSE and it has got SEBI registration also and got permission for trading from the Stock Exchange, Mumbai and National Stock Exchange of India Ltd., Mumbai
. Our subsidiary is also a Depository Participant of CDSL.
(BSE), National Stock Exchange of India
(NSE), Central Depository System (India) Ltd
(CDSL)
Board of Directors of SKSE Securities Ltd
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
in Gujarat. It is located at Sadar Bazaar
Sadar Bazaar
Sadar Bazar is the largest wholesale market of household items in Delhi, India, and is located at the western side of Khari Baoli. Like other major markets of Old Delhi, this market also feels very crowded and buzzes with activity. Although it is primarily a wholesale market, it also caters to...
, Rajkot, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. Saurashtra Kutch Stock Exchange Ltd was incorporated in the month of July 1989 and got recognition from the Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
. The recognition have been renewed from time to time by the Central Government and SEBI
Securities and Exchange Board of India
The Securities and Exchange Board of India is the regulator for the securities market in India.-History:It was formed officially by the Government of India in 1992 with SEBI Act 1992 being passed by the Indian Parliament...
.
History and Present
The Stock Exchange is recognized under Securities Contracts Regulation Act. Earlier the Stock Exchange was having very good volume. The broker members were doing huge volume on the floor of the stock exchange. Subsequently after the commencement of National Stock Exchange and on-line computerized trading, the volume on the regional Stock Exchanges faced the decreased trend and as a result, the regional stock exchanges were facing difficulties of reduced liquidity, volume and dept. Recently, in the month of December 1999, SEBI has permitted the regional stock exchange to acquire membership of bigger stock exchanges like BSEBombay Stock Exchange
The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...
and NSE
National Stock Exchange of India
The National Stock Exchange is a stock exchange located at Mumbai, Maharashtra, India. It is the 9th largest stock exchange in the world by market capitalization and largest in India by daily turnover and number of trades, for both equities and derivative trading. NSE has a market capitalization...
by forming a subsidiary company and thereby to provide trading platform to the brokers of regional stock exchanges. Accordingly, many stock exchanges have floated subsidiary company for acquiring membership of BSE or NSE. Our stock exchange has also floated a subsidiary company namely SKSE Securities Limited which is a 100% subsidiary of Saurashtra Kutch Stock Exchange Ltd. This subsidiary has acquired membership of BSE and NSE and it has got SEBI registration also and got permission for trading from the Stock Exchange, Mumbai and National Stock Exchange of India Ltd., Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
. Our subsidiary is also a Depository Participant of CDSL.
Automation
The stock exchange went live on October 3, 1996. Online trading was inaugurated by Shri M. R. Maiya (Bhishmapitamaha of Capital Market). Initially, SKSE used paperbased system before automation. Since October 3, 1996, SKSE operates on Saurashtra Kutch Stock Exchanges's Online Trading System called SKATE. Members of the SKSE can also trade on the Bombay Stock Exchange though VSAT channels. Today the stock exchange has 120 trading members.Subsidiary
SKSE Securities Ltd is a subsidiary of Saurashtra Kutch Stock Exchange Ltd. SKSE Securities Ltd is member of The Stock Exchange Ltd, MumbaiBombay Stock Exchange
The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...
(BSE), National Stock Exchange of India
National Stock Exchange of India
The National Stock Exchange is a stock exchange located at Mumbai, Maharashtra, India. It is the 9th largest stock exchange in the world by market capitalization and largest in India by daily turnover and number of trades, for both equities and derivative trading. NSE has a market capitalization...
(NSE), Central Depository System (India) Ltd
Central Depository Services Limited
Central Depository Services Limited , is the first Indian central securities depository based in Mumbai. Its main function is the holding securities either in certificated or uncertificated form, to enable book entry transfer of securities.-Promoters / shareholders:CDSL is promoted by Bombay...
(CDSL)
Board of Directors of SKSE Securities Ltd
- Shri. Ashok H. Koyani - Chief Executive Officer - Officiating
- Shri. M. P. Doshi - Broker Director
- Shri. N. M. Jadeja - Broker Director
- Shri. R. M. Parekh - Broker Director
- Shri. S. C. Shah - Broker Director
- Shri. V. P. Vaishnav - Broker Director
- Dr. Alokkumar Chakrawal - Public Representative Director
- Shri. A. H. Trivedi - Public Representative Director
- Shri. G. L. Ramani - Public Representative Director
- Shri. P. R. Dholakia - Public Representative Director
- Shri. R. V. Somaiya - Public Representative Director
Management
Council of Management (Saurashtra Kutch Stock Exchange Ltd)- Mr. S. G. Raval - Executive Director - Officiating
- Mr. N. K. Bhola - SEBI Nominee Director
- Mrs. Mona Khandhar - SEBI Nominee Director
- Mr. B. C. Parsana - Broker Director
- Mr. J. N. Sheth - Broker Director
- Mr. M. P. Doshi - Broker Director
- Mr. N. M. Jadeja - Broker Director
- Mr. S. C. Shah - Broker Director
- Dr. Anamik Shah - Public Representative Director
- Mr. B. V. Zalawadia - Public Representative Director
- Mr. Jayprakash Trivedi - Public Representative Director
- Mr. N. S. Donga - Public Representative Director