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SEBI issued the exit order of Cochin Stock Exchange Ltd (CoSE) - All About Finance

SEBI issued the exit order of Cochin Stock Exchange Ltd (CoSE)

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  • Whole Time Member, SEBI, has passed an Order on December 23, 2014 providing the exit to Cochin Stock Exchange Limited (“CoSE”). CoSE is the sixth Stock Exchange to exit under this policy.
  • SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges. This contained details of the conditions for exit of de-recognised/non-operational stock exchanges, inter-alia, including treatment of assets of de-recognised/non-operational exchanges and a facility of dissemination Board for companies listed exclusively on such exchanges, while taking care of the interest of investors.
  • Further, the Income Tax Authorities and the State Government of Kerala are being intimated about the exit of CoSE, for appropriate action at their end.
  • The full text of the order is available in SEBI’s website:  www.sebi.gov.in.

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PR No. 179/2014

Mumbai
December 24, 2014

Related posts:

  1. SEBI, has passed exit order of Gauhati Stock Exchange Limited (GSE)
  2. SEBI issued the exit order of Bangalore Stock Exchange Ltd
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