18 November 2024
The Calcutta Stock Exchange (CSE), which had seen a halt in its trading activity since 2013, was striving to restore its glory by setting up a clearing corporation as a separate legal entity. The iconic stock exchange wanted trading on C-Star (the online platform of CSE), which was stopped by the Securities and Exchange Board of India (Sebi) in April 2013, to resume, an official close to the development told PTI. “The CSE has written to Sebi seeking in-principal approval to set up a clearing corporation,” he said. The official said the CSE had already formed its clearing corporation —Lyons Range Securities Clearing Corporation —and necessary applications were filed for incorporation on the Union Ministry of Corporate Affairs (MCA) portal.
The Calcutta Stock Exchange (CSE), which had seen a halt in its trading activity since 2013, was striving to restore its glory by setting up a clearing corporation as a separate legal entity. The iconic stock exchange wanted trading on C-Star (the online platform of CSE), which was stopped by the Securities and Exchange Board of India (Sebi) in April 2013, to resume, an official close to the development told PTI. “The CSE has written to Sebi seeking in-principal approval to set up a clearing corporation,” he said. The official said the CSE had already formed its clearing corporation —Lyons Range Securities Clearing Corporation —and necessary applications were filed for incorporation on the Union Ministry of Corporate Affairs (MCA) portal.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.