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● WHAT IS STOCK EXCHANGE? Definition of Stock Exchange : The securities regulation act of
1956defined stock exchange as “an association , organization , or aindividual which is established
for for the purpose of assisting ,regulating , and controlling business in buying ,selling and dealingin
securities.” Meaning :
● This comes under treasury sector ,which providesservice to stock brokers & traders to trade
stocks ,bonds andsecurities. Stock exchanges helps the companies to raise their fund.Therefore the
companies needs to list themselves in the StockExchange and the shares will be issued which is
known as equity ora ordinary share and these shareholders are the real owners of thecompany the
Board Of Directors of the Company are elected out ofthese Equity Shareholders only.
History Of Stock Exchanges
The exchange was incorporated in 1992 as a tax-
paying company and was recognized as a stock
exchange in 1993 under the Securities Contracts
(Regulation) Act, 1956, when Mr. P. V. Narasimha
Rao was the Prime Minister of India and Dr.
Manmohan Singh was the Finance Minister
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