Pune Stock Exchange

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Pune Stock Exchange located in Pune city, Maharashtra, is a limited company with wide network in several other parts like in the Satara, Sangli, Solapur, Kolhapur, Ahmednagar, Aurangabad, Nasik and Mumbai.

History

Pune Stock Exchange, incorporated in the year 1982, was a company limited by guarantee. From a business of only a few lakh rupees it grew to Rs.15-20 crores of business daily with 35 members strength extended to 185. Currently, more than 300 companies are enlisted with Pune Stock Exchange.

Trading system

Pune Stock Exchange conducted its first trading on 30th of October 1982 with 22 listed scrips, however only in the securities listed on it and other stock exchanges under Permanent Securities. In 1996, the stock exchange of Pune converted their trading system to a on line screen- based computerized system, known as Versatile Engine for Centralized Trading and On-line Reporting or Vector System. It is in fact the first regional stock exchange which implemented the on line trading system.

Management

The Council of Management of the Pune Stock Exchange consists of 13 members but the exchange maintains certain committees which conducts the trading functions of the house. They are as follows:

  1. Disciplinary Committee
  2. Arbitration Committee
  3. Defaults Committee
  4. Investment Work Group
  5. Investors Protection Fund
  6. Ethics Committee
  7. Delisting Committee
  8. Investors Services Committee
  9. Audit Committee
  10. Software & I.T. Committee
  11. Membership Selection Committee
Corporatisation and Demutualisation Scheme

The Pune Stock Exchange Association Limited was registered under the Companies Act, 1956 at the period of commencement as a company limited by guarantee and subsequently converted to a recognized stock exchange. According to the provisions of the Securities Contracts Regulation Act, 1956, also referred as SCRA, the Pune Stock Exchange is needed to be corporatised and demutualised. The stock exchange of Pune in a letter dated January 28, 2005 submitted a scheme for its corporatisation and demutualisation for approval to the Securities and Exchange Board of India (hereinafter referred to as the 'SEBI'). The Securities and Exchange Board of India approved the corporatisation and demutualisation schemes of the Pune Stock Exchange in the same year.

Contact Details

Head Office:
Pune Stock Exchange
Shivleela Chambers
First Floor,752 Sadashiv Peth,
R.B.Kumathekar Marg
Pune - 411030
India

Phone: +(91)-(212)-24461228 (D), 24485701/02/03 (B)
E-mail: e-mail@vsnl.net
Website: www.punestockexchange.com