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The SEBI is the regulatory authority formed under Section 3 of the SEBI Act 1992 to safeguard the interests of investors in securities, promote the development of and regulate the securities market, and for matters associated with and incidental to the securities market.
The Social Stock Exchanges (SSE) is a novel concept that arose from the need for openness. As we all know, the greatest method to increase transparency is thorough public inspection, and capital markets are well-known for providing a transparent platform with direct public monitoring.
What exactly are Social Stock Exchanges?
A social stock exchange is a platform for social entrepreneurs to offer securities and generate financing for a positive social effect. An exchange like this will benefit not just such firms seeking funding but also sociable investors looking for genuine entities involved in social areas. It would be a different component from the existing Indian social stock exchanges. Still, unlike traditional stock exchanges, the Social Stock Exchange has a deeper purpose that SSE should reflect in its governance, architecture, and operations.
How many stock exchanges are recognized by SEBI?
SEBI established several stock exchanges in India throughout the early 1990s. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are now India’s two major stock exchanges (NSE).
Below are the stock exchanges recognised by SEBI:
1. BSE (Bombay Stock Exchange) (BSE)
BSE is one of India’s two major stock exchanges. The primary goal of the BSE is to offer an efficient and transparent market for trading currencies, shares, mutual funds, and other financial instruments. The BSE aims to “emerge as the preeminent Indian stock exchange with best-in-class worldwide practices in technology, product innovation, and customer service.”
A completely owned subsidiary of BSE exists. Indian Clearing Corporation Limited acts as a central counterparty to all trades on the exchange and provides trade settlements. BSE Institute Limited, another subsidiary of BSE Limited, is a capital market educational institution in our nation.
2. National Stock Exchange (NSE)
The National Stock Exchange is India’s largest stock exchange. It was founded in 1992 as the country’s first dematerialised electronic exchange. It was the first exchange to provide investors with a completely automated, screen-based trading system to encourage easy trading. The NSE was registered as a stock exchange under the Securities Contract Regulations Act in 1993. It operates to ” continue to be a leader, establish a worldwide footprint, and facilitate people’s financial well-being.”
3. The Calcutta Stock Exchange (CSE)
The Calcutta Stock Exchange is Southeast Asia’s second-oldest stock exchange founded in 1908 with 150 members. CSE is now found in the Lyons Range. It was recognised by the relevant terms of the Securities Contract (Regulation) Act of 1956, and it was only in 1997 that the screen-based trading system superseded it.
4. The Metropolitan Stock Exchange (MSE)
SEBI designated the Metropolitan Stock Exchange as a “notified stock exchange” in 2012. MSE provides a high-tech electronic trading platform in capital markets, debt markets, futures, and options.
5. India International Exchange Limited (India INX)
It is India’s first international financial services centre based in Gujarat. It began operations in 2017 and is a subsidiary of BSE Limited.
The exchange provides a single-segment approach to all asset classes, such as stocks, currencies, commodities, etc. The exchange employs cutting-edge technology and is the quickest globally, with a turnaround time of 4 microseconds. India INX offers an offshore exchange for worldwide specialists and industry players that offers new goods and services and significant tax advantages.
6. NSE IFSC Limited
The Registrar of Companies, Gujarat, incorporated NSE IFSC Limited (NSE International Exchange) on November 26th, 2016. SEBI has approved the establishment of an international exchange in Gujarat International Finance Tech City (GIFT)—International Financial Service Centre (IFSC) Gandhinagar. These are all the stock exchanges recognised by SEBI.
Conclusion:
SEBI is the stocks regulator body of India which regulates the stock exchanges. The social stock exchange is a new concept that facilitates funding for a positive effect. SEBI established several stock exchanges in India throughout the 1990s. Today, there are two major stock exchanges (NSE and BSE). The Calcutta Stock Exchange (CSE) is Southeast Asia’s second-oldest stock exchange, founded in 1908 with 150 members. It was recognised by the relevant terms of the Securities Contract (Regulation) Act of 1956, and it was only in 1997 that the screen-based trading system superseded it.
