March 26, 2013

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Arvind Kejriwal said...


Regional stock exchanges have lost relevance: Sebi chiefStock market regulator to actively encourage winding up of regional exchanges

Regional stock exchanges in India have lost their relevance in India and the stock market regulator will actively encourage winding up of these exchanges, UK Sinha, chairman of Securities and Exchange Board of India (Sebi).

"There is no compulsion now for corporates to get listed in a regional stock exchange. These exchanges, in my judgement, have lost their relevance after we had national level exchanges that have terminals all over the country...We have also provided that if a regional stock exchange wants to wind up, Sebi will actively encourage it," Sinha said at a seminar organised by the Confederation of India Industry (CII)

March 26, 2013
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May 01, 2013

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