A very common name for all traders in the stockmarket, BSE, stands for Bombay Stock Exchange. The oldest market not only in the country, but also in Asia. In the early days, BSE was known as "The Native Share & Stock Brokers Association." It was established in the year 1875 and became the first stock exchange in the country to be recognised by the government. In 1956, BSE obtained a permanent recognition from the Government of India under the Securities Contracts (Regulation) Act, 1956.
In the past and even now, it plays a pivotal role in the development of the country's capital market. This is recognised worldwide and its index, SENSEX, is also tracked worldwide. Earlier it was an Association of Persons (AOP), but now it is a demutualised and corporatised entity incorporated under the provisions of the Companies Act, 1956, pursuant to the BSE (Corporatisation and Demutualisation) Scheme, 2005 notified by the Securities and Exchange Board of India (SEBI).
The vision of the Bombay Stock Exchange is to "Emerge as the premier Indian stock exchange by establishing global benchmarks."
Bombay Stock Exchage is managed professionally by Board of Directors. It comprises of eminent professionals, representatives of Trading Members and the Managing Director. The Board is an inclusive one and is shaped to benefit from the market intermediaries participation.
The Board exercises complete control and formulates larger policy issues. The day-to-day operations of BSE is managed by the Managing Director and its school of professionsl as a management team.
The Exchange reaches physically to 417 cities and towns in the country. The framework of it has been designed to safeguard market integrity and to operate with transparency. It provides an efficient market for the trading in equity, debt instruments and derivatives. Its online trading system, poularly known as BOLT, is a proprietory system and it is BS 7799-2-2002 certified. The BOLT network was expanded, nationwide, in 1997. The surveillance and clearing & settlement functions of the Exchange are ISO 9001:2000 certified.
The Bombay Stock Exchange provides convention hall for listed companies and other Institutions to hold their Annual/ordinary General Meetings, Listing ceremonies, Analyst and any other important event.
It is centrally located at Mumbai, which can be easily reached from Churchgate or CST (VT) railway stations. It has a capacity of around 700 to 900 persons with state-of-the-art infrastructure. The hall has Projection Equipment, Web-cast facility and a Business Room with Facsimile, Internet, Photocpier and telecom equipment.
BSE has made arrangement for a toll-free numbers which makes it easier for customers to contact. A focussed number helps in providing best support to the customers. The toll-free number is as mentioned below:
Toll-Free: 1600 22 6661
Members who are not in Mumbai can also call up this number without dialling the area code of Mumbai from there local telephone line (not a STD line). Currently the facility is available to 101 cities in India where MTNL has toll free services.
Bombay Stock Exchange Limited
Phiroze jeejeebhoy towers
Dalal Street , Mumbai- 400001,