Guwahati Stock Exchange
Encyclopedia
The Guwahati Stock Exchange (GSE) is locate in Guwahati
, Assam
, India
. It was incorporated on 29 November 1983 and it was recognised by the Government of India
on 1 May 1984. The GSE is limited by guarantee by the member-brokers.
By 1999-2000, the exchange
had a total of 206 broker
s, out of which 5 were corporate brokers. Among 206 brokers, it was further classifies as 200 proprietor broker, 1 partnership broker and 5 corporate broker. Then, there was only 4 sub-brokers registered. Currently there are 290 companies listed in the GSE.
eminent, another three are the nominee of SEBI and the remaining one is the whole time Executive Director of the Guwahati Stock Exchange.
The Council of Management is headed by the President. He is elected from the broker directors. The tenure of the Council is for one year.
through the ISE Securities and Services Ltd. (ISS). ISS
is the subsidiary of Inter-connected Stock Exchange of India Ltd. and GSE is one of the associated exchange of it. The trading of GSE is done through Screen Based Trading System.
The deliverable members are supposed to submit the shares/D-Mat slip to the clearing house of GSE on the following Thursday. On the same day the Delivery Statement of Shares is distributed among all the receivable members. The PAY-IN day is Friday and the PAY-OUT day is Saturday. The entire process of the settlement is done through the Clearing House of GSE.
To achieve all these, the GSE is also planning to have its connectivity with the Calcutta Stock Exchange. In future it also looks forward to connect with BSE. Internet trading is also planned.
The Gauhati Stock Exchange Limited
Saraf Building Annexe
A.T. Road
Guwahati-781001
Assam, India
Guwahati
Guwahati, Pragjyotishpura in ancient Assam formerly known as Gauhati is a metropolis,the largest city of Assam in India and ancient urban area in North East India, with a population of 963,429. It is also the largest metropolitan area in north-eastern India...
, Assam
Assam
Assam , also, rarely, Assam Valley and formerly the Assam Province , is a northeastern state of India and is one of the most culturally and geographically distinct regions of the country...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. It was incorporated on 29 November 1983 and it was recognised by the Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
on 1 May 1984. The GSE is limited by guarantee by the member-brokers.
By 1999-2000, the exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
had a total of 206 broker
Broker
A broker is a party that arranges transactions between a buyer and a seller, and gets a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal...
s, out of which 5 were corporate brokers. Among 206 brokers, it was further classifies as 200 proprietor broker, 1 partnership broker and 5 corporate broker. Then, there was only 4 sub-brokers registered. Currently there are 290 companies listed in the GSE.
Guwahati Stock Exchange Investors Service
To settle down the grievances of investors and also to guide them in all respect, the GSE is setting up its own 'Investors Service Cell'.Guwahati Stock Exchange Management
There are thirteen directors in the Council of Management of the GSE. Among them six are elected from the broking community, three are nominated from publicPublic
In public relations and communication science, publics are groups of individuals, and the public is the totality of such groupings. This is a different concept to the sociological concept of the Öffentlichkeit or public sphere. The concept of a public has also been defined in political science,...
eminent, another three are the nominee of SEBI and the remaining one is the whole time Executive Director of the Guwahati Stock Exchange.
The Council of Management is headed by the President. He is elected from the broker directors. The tenure of the Council is for one year.
Guwahati Stock Exchange Operating System
The GSE is inter-connected with the NSENSE
NSE may refer to:education* Norwegian School of Economicsstock exchanges* Nagoya Stock Exchange in Japan, * Nairobi Stock Exchange in Kenya, * Nigerian Stock Exchange in Lagos, Nigeria * National Stock Exchange of India,...
through the ISE Securities and Services Ltd. (ISS). ISS
ISS
The ISS is the International Space Station.ISS may also refer to:* I See Stars, an American electronic rock band* ISS A/S, a Danish service company* Idea Star Singer, a Malayalam music reality show by Asianet TV...
is the subsidiary of Inter-connected Stock Exchange of India Ltd. and GSE is one of the associated exchange of it. The trading of GSE is done through Screen Based Trading System.
Settlement system
The Guwahati Stock Exchange is having a T+5 trading system from Tuesday to Monday. The settlement takes place in the immediate next week of the trading cycle. The first step in the settlement process is the distribution of Offer and the Difference Statement. It takes place on Tuesday.The deliverable members are supposed to submit the shares/D-Mat slip to the clearing house of GSE on the following Thursday. On the same day the Delivery Statement of Shares is distributed among all the receivable members. The PAY-IN day is Friday and the PAY-OUT day is Saturday. The entire process of the settlement is done through the Clearing House of GSE.
Guwahati Stock Exchange Future Plan
The present need of the Indian Capital Market is to interconnect it, vanishing the concept of regional market. This helps in multiple access to different markets and it further results in greater liquidity and turnover.To achieve all these, the GSE is also planning to have its connectivity with the Calcutta Stock Exchange. In future it also looks forward to connect with BSE. Internet trading is also planned.
Address
Guwahati Stock Exchange OfficeThe Gauhati Stock Exchange Limited
Saraf Building Annexe
A.T. Road
Guwahati-781001
Assam, India