Bangalore Stock Exchange to Shut Down Operations

The Bangalore Stock Exchange (BgSE), the 50-year-old institution will shut down operations soon, leaving the Madras Stock Exchange as the only regional exchange in south India.

The immediate reason for the closure is the BgSE’s failure to meet the minimum solvency requirements stipulated by the Security and Exchange Board of India (SEBI)

SEBI has stipulated that regional stock exchanges should have a minimum annual turnover of Rs. 1,000 crore, and a net worth of at least Rs. 100 crore

The BgSE earned an income of just Rs. 5.45 crore in the last financial year 2012-13

 A BgSE shareholder told that a General Body Meeting to approve the dissolution of the exchange was scheduled for Sep 21,2013

Stock Exchanges in India

Sr. No.	Name of the Exchange	Valid Upto
1	Ahmedabad Stock Exchange Ltd. Address: Kamdhenu Complex Opp, Sahajanand College, Panjarapole, Ambawadi, Ahmedabad - 380001	PERMANENT
2	BSE Ltd. Address: P J Tower, Dalal Street, Mumbai 400023	PERMANENT
3	Bangalore Stock Exchange Ltd. Address: Stock Exchange Towers, 51, 1st Cross, J C Road, Bangalore - 560027	PERMANENT
4	Bhubaneswar Stock Exchange Ltd Address: Stock Exchange Bhavan, P- 2, Jayadev Vihar, P. O. - Chandrasekharpur, Bhubaneswar - 751023	04-JUN-2014
5	Calcutta Stock Exchange Ltd. Address: 7, Lyons Range, Kolkata - 700001	PERMANENT
6	Cochin Stock Exchange Ltd Address: MES Dr P. K. Abdul Gafoor Memorial Cultural Complex, 36/1565, 4th Floor, Judges Avenue, Kaloor, Cochin - 682017	07-NOV-2013
7	Delhi Stock Exchange Ltd.,The Address: DSE House, 3/1, Asaf Ali Road, New Delhi - 110002	PERMANENT
8	Gauhati Stock Exchange Ltd.,The Address: Saraf Building Annexe, A T Road, Gauhati - 781001	30-APR-2013
9	Inter-Connected Stock Exchange of India Limited Address: International Infotech Park, Tower 7, 5th Floor, Sector 30, Vashi, Navi Mumbai - 400703	17-NOV-2013
10	Jaipur Stock Exchange Ltd Address: Stock Exchange Building, JLN Marg, Malviya Nagar, Jaipur - 302017	08-JAN-2014
11	Ludhiana Stock Exchange Ltd.,The Address: Feroze Gandhi Market, Ludhiana - 141001	27-APR-2014
12	MCX SX Exchange Limited Address: 102A Land Mark, Suren Road, Chakala, Andheri (East), Mumbai - 400093	15-SEP-2013
13	Madhya Pradesh Stock Exchange Ltd Address: Palika Plaza, Phase II, 201, 2nd Floor, MTH Compound, Indore - 452001	PERMANENT
14	Madras Stock Exchange Ltd. Address: P O Box no 183, New No: 30 (old No: 11) Second Line Beach, Chennai - 600001	PERMANENT
15	Magadh Stock Exchange Ltd. "SEBI vide order dated September 3, 2007 refused to renew the recognition granted to Magadh Stock Exchange Ltd."
16	Mangalore Stock Exchange As per Securities Appellete Tribunal order dated October 4, 2006, the Mangalore Stock Exchange is a de-recognized Stock Exchange under Section 4 (4) of SCRA
17	National Stock Exchange of India Ltd. Address: Bandra Kurla Complex, Bandra (East) Mumbai 400051	PERMANENT
18	OTC Exchange of India	22-AUG-2014
19	Pune Stock Exchange Ltd. Address: Shivleela Chambers, 752, Sadashiv Peth, RB Kumthekar Marg Pune - 411030	01-SEP-2013
20	The Vadodara Stock Exchange Ltd. Address: Fortune Tower, Sayajigunj, Vadodara - 390005	03-JAN-2014
21	U.P. Stock Exchange Limited Address: Padam Towers, 14/113, Civil Lines, Kanpur - 208001	02-JUN-2014
22	United Stock Exchange of India Limited Address: 25th Floor, Phiroze jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001	21-MAR-2014
Note: The Hyderabad Securities and Enterprises Ltd (erstwhile Hyderabad Stock Exchange), Coimbatore Stock Exchange Ltd and Saurashtra Kutch Stock Exchange Ltd have been granted exit by SEBI vide order dated January 25, 2013, April 4, 2013 and April 5, 2013 respectively.