De recognition of stock exchnages who are not achieveing 100 crore networth

ganesh (Querist) 26 November 2013 This query is : Resolved
sebi has asked stock exchanges to achieve 100 crores for running their business. there are 23 exchanges 90 per cent of the exchange wont be achieving 100 cores. as aresult exchanges which are there for the last 50 years will have to close their shop ( sebi has come in 1992)the new directive of sebi has made stock exchange managment to sell their asset and pay 20 percent to sebi and the remaining goes to stoc exchange share holders. actually there is case which says stock exchanges are public institution and they should come under rti ( stock exchanges derive listing fee from companies which is in crores which have come from public) can I file a pil against sebi

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malipeddi jaggarao (Expert) 27 November 2013
Make a trial.

Rajendra K Goyal (Expert) 27 November 2013
Consult some senior lawyer with all documents.

ajay sethi (Expert) 27 November 2013
how are you concerned?

ganesh (Querist) 27 November 2013
excepting mumbai all other state have only one stock exchange (some states nil)in case of bangalore stock exchange if an investor wants to make buy or sell in some scrips he can have plenty of information about company and can make sound decision in the absence of such facility investors is bound to loose. Moreover the concept of equity market is noble. one should be expected to go to mumbai from every nook and corner of our nation. the decision of sebi is typical bureacracy afraid of more work it is making regional economical imbalance

Guest (Expert) 30 November 2013
First Let me tell YOU your attempts to file PIL against SEBI will not be fruitful.Stock Exchanges are exempted by RTI.All the major organisations like SEBI,BSE AND NSE are having their Regional Offices in the major cities.Precisely tell me what you want or what you expect I could help you.You are talking about BSE but be sure in another couple of years MCX is going to dominate.SEBI alone is under RTI

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