Clearing houses in India are Indian Clearing Corp. Ltd of BSE Ltd, Metropolitan Clearing Corp. of India Ltd of MSEI and the National Securities Clearing Corp. Ltd of NSE.
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There are more than 200 Exclusively Listed shares in Metropolitan Stock Exchange. Many of these are small cap Gems ( mainly from now closed Regional Stock Exchanges like Delhi Stock Exchange ). Recently , Metropolitan Stock Exchange has raised Rs. 200 crore but still there is no Equity trading. Govt. ? SEBI must ensure that Equity trading takes place in Metropolitan Stock Exchange. Govt is losing , on daily basis , crores of revenue by way of lost STT / GST
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