Kolkata, November 12 (Language) Encouraged by positive signals from the market regulator, Calcutta Stock Exchange (CSE) is expected to return as the third stock exchange of the country by March-April 2024. A senior official gave this information on Sunday.
The Securities and Exchange Board of India (SEBI) barred the CSE from trading in April 2013 due to regulatory and compliance issues.
“We will soon be back as the third stock exchange of the country,” CSE Chief General Manager Dheeraj Chakraborty told PTI. There is positive feedback about this. We have to take some steps, which will be completed by January.”
“We hope to relaunch as an independent exchange with new technology by March-April,” he said.
At present CSE provides facilities to its members to trade on the NSE platform.
CSE Chairman Dipankar Bose told shareholders that with SEBI’s approval, CSE hopes to restart its trading and settlement services on its platform with state-of-the-art technology in the near future. However, a decision of the Calcutta High Court in this regard is also yet to come.
According to the latest annual report of CSE, CSE has an important role in the Indian capital market with 1,842 listed companies and about 400 registered trading members.