The inception of Calcutta Stock Exchange emerges from a get
together under a "Neem Tree" way back in the
1830s, and from then the Calcutta Stock broking fraternity
has come a long way. Though the once famous shelter for
Calcutta Stock brokers no longer exists, the roots laid
in the last century have dug themselves deep into the
city and the region. The North-Eastern region, today plays
a crucial role in the countrys capital market, while
the Calcutta Stock Exchange has emerged as the second
largest bourse in the country. The investors from the
Eastern Zone are also at the forefront today.
The origin
of stock broking in India goes back to a time, when shares,
debentures and bonds representing titles to property were
first issued on the condition of transfer from one person
to another. The earliest record of dealings in securities
in India is the East India Companys loan securities.
The building
at 7, Lyons Range, Calcutta which was constructed in 1928
and has been the office of the Stock Exchange for the
last 70 years.
At the time of incorporation
in 1908, the Stock Exchange had 150 members. Today the
total membership has risen to more than 900, which contains
several corporate and institutional members. The number
of companies listed on the Exchange is more than 3,500.
The Annual turnover of the Exchange in 1997-98 was to
the tune of Rs, 1,78,779 crores. The Calcutta Stock Exchange
has been granted permanent recognition by the Central
Government with effect from April 14, 1980 under the relevant
provisions of the Securities Contracts (Regulation) Act,
1956, with a view to render useful service to investors. |