Pune Stock Exchange was formed in 1982 on 2nd September with a member strength of 34 joint stock companies. Currently around 310 companies are listed with the Stock Exchange in Pune, and the member strength has increased to 185. On an average Rs 15 - Rs 20 crores of stock trading takes place daily.
The Pune Stock Exchange listed companies include Reliance Group industries, Tata Group industries, Larsen and Toubro Limited, Kirloskar, Indus Ind Bank Limited, UTI Limited, United Western Bank Limited, and Firodia.
Pune Stock Exchange Committee
According to Stock Exchange Board of India (SEBI), the Pune Stock Exchange can have 3 Standing Committees consisting of 5 to 7 members each. 40% of the committee members will consist of brokers, and the remaining 60% of non-brokers subject to SEBI's approval.
Arbitration, Disciplinary, and Defaults are the three Standing Committees, while the sub-committees include Investors Protection Fund, Investment Work Group, Ethics sub-committee, and Delisting sub-committee. The Executive Director, and the President are ex-officio members of the Committees and sub-committees.
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Enlisting with Pune Stock Exchange
For listing themselves with the PSE, limited companies have to abide by certain regulations. They are:
- The company must submit its Articles of Association and Memorandum, a draft prospectus, and a demand draft for Rs.10,000/- towards enlistment fees
- The prospectus after being vetted by the Stock exchange is informed to the concerned company which incorporates the changes in their prospectus, and Memorandum and Articles of association as directed by the PSE
- Prospectus and application forms for the Initial Public Offer (IPO) must reach the members before 21 days of the date of issue
- 1% of the total public issue is to be kept as deposit money by the company with the Pune Stock Exchange
- On the date of opening of the issue, intimation has to be made in a local and a national daily
- Auditor's certification on promoter's contribution is to be submitted to the exchange
Members and share brokers in Pune Stock Exchange can do on-line share trading based on Versatile Engine for Centralized Trading and on-line Reporting (VECTOR).
Pune Stock Exchange is located in 1st floor, Shivleela Chambers, 752 Sadashiv Peth, R.B. Kumathekar Marg, Pune - 411 030.
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