BSE Limited

www.bseindia.com

Tel: 91 22 2272 1233/4

Fax: 91 22 2272 1552

 

Representatives

Managing Director & Chief Executive Officer : Mr. Ashishkumar Chauhan

Chief Business Officer : Mr. Venkatramani Balasubramaniam

 

Types of Securities Traded

Trading Hours

Equity Shares / Preference Shares

9:15 - 15:30

Derivatives (Index Futures, Index Options, Stock Futures, Stock Options

9:15 - 15:30

Exchange Traded Funds

9:15 - 15:30

Retail Debt F-Group (Corporate Bonds)

9:15 - 15:30

Retail G-Secs

9:15 - 15:30

Securities Lending and Borrowing

9:15 - 15:30

Wholesale Debt Market (WDM) / ICDM (G-Secs / Corporate Debt / Bonds

10:00 - 17:30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supervisory Body

Securities Exchange Board of India (SEBI)
Reserve Bank of India (RBI)

 

Name of Clearing & Settlement Organization

Indian Clearing Corporation Limited (ICCL), a fully owned subsidiary of BSE Ltd. clears and settles all trades executed on all segments of BSE.

Settlement Cycle

Compulsory Rolling Settlement on T + 2 basis.

Name of Central Securities Depository

99.9 % of the trades are settled in electronic mode.
The Clearing & Settlement system are online with the two depositories in the country via Central Depository Services Ltd. (CDLS) & National Securities Depository Ltd. (NSDL).

Commissions on Transactions levied by Exchange

Cash Segment:

For Passive Orders, defined as the orders already existing in the order book at the time of matching (trade taking place), the transaction charges of Rs.275 per Crore of gross turnover will be levied and for Active Orders, defined as incoming orders that are matched against the passive orders at the time of matching (trade taking place), the transaction charges of Rs.275 per Rs. 1, 00,000 of gross turnover will be levied. 

The transaction charges for transactions in securities traded and settled in Physical mode in Cash Segment is: Passive Orders, defined as the orders already existing in the order book at the time of matching (trade taking place), the transaction charges of Rs.100,000 per Crore of gross turnover will be levied and for Active Orders, defined as incoming orders that are matched against the passive orders at the time of matching (trade taking place), the transaction charges of Rs.100,000 per Crore of gross turnover.

Derivatives Segment:

No Charges For Passive Orders

Active Orders as below:

Futures: Rs. 50 per crore of Trade Value

Options:  Rs. 50 per crore of Premium Value.

The Exchange also collects Securities Transaction Tax (STT) from Members on behalf of the Government as below:

Taxes on Dividends, Interests

The taxes on dividends, Interests are under the purview of the Income Tax Authorities.  
 

2013 Share ownership thresholds (%)

(1) Atleast fifty one per cent. of the paid up equity share capital of a recognised stock exchange shall be held by public.

(2) No person resident in India shall at any time, directly or indirectly, either individually or together with persons acting in concert, acquire or hold more than five per cent. of the paid up equity share capital in a recognised stock exchange:

Provided that,—

(i) a stock exchange;

(ii) a depository;

(iii) a banking company;

(iv) an insurance company; and

(v) a public financial institution,

may acquire or hold, either directly or indirectly, either individually or together with persons acting in concert, upto fifteen per cent. of the paid up equity share capital of a recognised stock exchange.

(3) No person resident outside India, directly or indirectly, either individually or together with persons acting in concert, shall acquire or hold more than five per cent. of the paid up equity share capital in a recognised stock exchange.

(4) The combined holding of all persons resident outside India in the paid up equity share capital of a recognised stock exchange shall not exceed, at any time, forty-nine per cent. of its total paid up equity share capital, subject to the following:—

(a) the combined holding of such persons acquired through the foreign direct investment route shall not exceed twenty six per cent. of the total paid up equity share capital, at any time;

(b) the combined holding of foreign institutional investors shall not exceed twenty three per cent. of the total paid up equity share capital, at any time;

(c) no foreign institutional investor shall acquire shares of a recognised stock exchange otherwise than through secondary market.

 

Explanation.—For the purposes of clause (c), the acquisition of shares in a recognised stock

exchange through secondary market shall be construed as follows:—

I. If the recognised stock exchange is not listed, a foreign institutional investor may acquire its shares through transactions outside of a recognised stock exchange provided it is not an initial allotment of shares;

II. If the recognised stock exchange is listed, the transactions by a foreign institutional investor shall be done through the recognised stock exchange where such shares are listed.

(5) No clearing corporation shall hold any right, stake or interest, of whatsoever nature, in any recognised stock exchange.

 

Short selling (Yes / No)

Institutional Clients - Not allowed
Retail clients can do short selling, subject to their meeting the margin requirements.

Short selling conditions (if any)

No specific regulations laid down, auction costs and penalty recovered from the client if he fails to deliver.

This page was last updated on: 10/10/2014 - 14:43