Functions Of The Stock Exchange What is a Stock Exchange ?
The Securities contract (Regulation) Act., 1956 defines a Stock Exchange as an association, organisation or body of individuals, whether incorporated or not, established for the purpose of assisting, regulating and controlling business in buying, selling and dealing in securities. As on date there are 22 Stock Exchanges in India including the over the counter Exchange of India (OTCEI). Out of the 22 Stock Exchanges only 8 are permanent while the remaining 14 are periodical i.e. they apply to Govt. of India for recognition every three or five years. Stock Exchanges in Bombay, Calcutta, Ahmedabad, Delhi, Madras, Kanpur, Hyderabad, Bangalore. There is a special type of Stock Exchange for small and Medium Size Companies which is called over the counter Exchange of India (OTCEI).
