Madras Stock Exchange to have its AGS on 30th
Posted on: 25/Sep/2015 10:59:26 AM
Madras Stock Exchange is one of the oldest exchanges in India. Its Annual General Meeting will be held on September 30.
Market regulator Securities and Exchange Board of India (Sebi) has passed an order allowing 78-year old Madras Stock Exchange Limited (MSE) to exit the business.
MSE will be 14th stock exchange to exit under the Sebi`s exit policy, which was issued in May 2012.
Finally there is some ray of hope for the Madras Stock Exchange because new directors have joined the MSE. The four – Kalpathi S. Suresh, S. Raamasubramanian, M. Amarnath and M Ravi -- have taken charge as shareholder directors. Shareholders feel that this is a balanced board.
One of the members said, The board is in place now and the next priority is the AGM where we will chalk out plans for the future. The shareholders are also convinced about the new board.
