Did you know this about the PoSH act?
if you have 10 or more employees, the PoSH act 2013 requires you to have an internal committee in place
the committee must have 3 internal members and 1 external member
Roughly 25+ Stock Exchanges have been shut down in India.
Surprised Right, Read Ahead 👇
Most Indians know of only 2 Active stock exchanges - BSE and NSE
India has had more than 25+ Stock Exchanges.
SEBI had officially recognized NSE on this day 26 April 1993
The story begins on 30th May 2013 with
A simple rule: "Achieve ₹1,000 Crores annual turnover, or get derecognized."
The NSE's entry was supposed to create healthy competition. Instead, it triggered a financial Darwinian event.
Regional stock exchanges across India, built with local pride and local capital, simply couldn't compete with a well-funded, professionally managed NSE.
One by one, they failed the turnover test. One by one, they disappeared from the financial landscape.
Here's what happened:
→ NSE incorporated in 1992, officially recognized in 1993
→ SEBI set a ₹1,000 Cr minimum turnover rule
→ Regional Stock Exchanges couldn't compete
→ Other stock exchanges gradually disappeared
Why? Regional exchanges lacked:
• Corporate governance standards
• Investor confidence
• Scale and infrastructure
• Digital capabilities
Today, when you trade on NSE or BSE, you're benefiting from 30+ years of enforced evolution. Stricter rules. Bigger players. Better protection.
This post is Authored by @SejalSud & @sarthakHT
Can you name some of the de-recognised stock exchanges in the comments below? 👇
Roughly 25+ Stock Exchanges have been shut down in India.
Surprised Right, Read Ahead 👇
Most Indians know of only 2 Active stock exchanges - BSE and NSE
India has had more than 25+ Stock Exchanges.
SEBI had officially recognized NSE on this day 26 April 1993
The story begins on 30th May 2013 with
A simple rule: "Achieve ₹1,000 Crores annual turnover, or get derecognized."
The NSE's entry was supposed to create healthy competition. Instead, it triggered a financial Darwinian event.
Regional stock exchanges across India, built with local pride and local capital, simply couldn't compete with a well-funded, professionally managed NSE.
One by one, they failed the turnover test. One by one, they disappeared from the financial landscape.
Here's what happened:
→ NSE incorporated in 1992, officially recognized in 1993
→ SEBI set a ₹1,000 Cr minimum turnover rule
→ Regional Stock Exchanges couldn't compete
→ Other stock exchanges gradually disappeared
Why? Regional exchanges lacked:
• Corporate governance standards
• Investor confidence
• Scale and infrastructure
• Digital capabilities
Today, when you trade on NSE or BSE, you're benefiting from 30+ years of enforced evolution. Stricter rules. Bigger players. Better protection.
This post is Authored by @SejalSud & @sarthakHT
Can you name some of the de-recognised stock exchanges in the comments below? 👇
Happy CS Day to all Company Secretaries.
My newly CS qualified brothers, CS Ashutosh, CS Harshit, CS Saumil, and CS Devanshu.
Last year, I met the qualified yet humble team of Sir, CS @FCSJigarShah and visited my first CS office at JMJA, amazing exp!
Cheers,
Sarthak Mishra
@ANI, the most cowardly criminal act you have done to creators, this is the level of low indian journalism has hit?
Seriously, demanding Lakhs of rupees against someone's hard work of years! @mohakmangal and others, we are with you, this is the murder of Article 19 and fair use