Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
1.2k views
in Entrepreneurship by (57.4k points)

Explain the organisation and management, membership and functioning of stock exchange in India.

1 Answer

0 votes
by (97.9k points)
selected by
 
Best answer

The organisation, management, membership and functioning of stock exchanges in India are governed by the provisions of The Securities Contracts (Regulation) Act, 1956. This Act permits only recognized stock exchanges to function under the rules, regulations and bylaws approved by the Central Government.At present there are 24 stock exchange in India. 

The stock exchanges of India have the following organisational form: 

1. Voluntary non-profit making associations 

2. Public limited company 

3. Company limited by guarantee 

The governing body is responsible for policy formulation and proper functioning of the exchange, having wide range of powers viz.

1. Elect the office bearers and set up committees

2. Admit and expel members

3. Manage the properties and finance of the exchange

4. Interpret rules, regulations and by-laws

5. Adjudicate disputes

6. Conduct the affairs of the exchange

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...