| 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. |