A security is a financial instrument which is assigned a value and is traded. Examples of a security include a note, stock, preferred share, bond, debenture, option, future, swap, right, or warrant or virtually any other financial asset. Traditionally, it was a physical document but of late, specially in 21st century, it is majorly an electronic document.
A security can be classified into 3 categories - debt, equity and and derivatives. A debt security represents a borrowed fund that must be repaid. The buyer of a debt security effectively lends the issuer a fixed amount of money in exchange for the security, which gives the holder a right to receive interest payment and the principal at the maturity.
An equity security is also called stock. It represents a proportional claim in an organization's assets and profits. Ownership in the company is determined by the number of shares a person owns divided by the total number of shares outstanding. For example, if a company has 1000 shares of stock outstanding and a person owns 50 of them, then he/she owns 5% of the company. Most stock also provides voting rights, which give shareholders a proportional vote in certain corporate decisions. Only a certain type of company called a corporation has stock; other types of companies such as sole proprietorships and limited partnerships do not issue stock.
An equity security is also called stock. It represents a proportional claim in an organization's assets and profits. Ownership in the company is determined by the number of shares a person owns divided by the total number of shares outstanding. For example, if a company has 1000 shares of stock outstanding and a person owns 50 of them, then he/she owns 5% of the company. Most stock also provides voting rights, which give shareholders a proportional vote in certain corporate decisions. Only a certain type of company called a corporation has stock; other types of companies such as sole proprietorships and limited partnerships do not issue stock.
A derivative security is an instrument whose value is derived from the value and characteristics of another security. Examples are future, option and forward contracts. It is a very important part of the whole financial security market. Read more in details about it.
The holder may at his/her discretion decide to sell the security and the new owner becomes eligible to receive all the benefits associated to that security.
A stock exchange is any body of individuals, whether incorporated or not, constituted for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities. It does not own any security on its own. Stock exchanges are indispensable for the smooth and orderly functioning
of corporate sector in a free market economy. A stock exchange need not
be treated as a place for speculation or a gambling den. It should act
as a place for safe and profitable investment, for this, effective
control on the working of stock exchange is necessary. This will avoid
misuse of this platform for excessive speculation, scams and other
undesirable and anti-social activities.
Stock exchanges maintain an official list of securities that could be
purchased and sold on its floor. Securities which do not figure in the
official list of stock exchange are called unlisted securities. Such
unlisted securities cannot be traded in the stock exchange.
| Sr. No. | Name of the Exchange | Valid Upto |
| 1 | Ahmedabad Stock Exchange Ltd.
Address: Kamdhenu Complex Opp, Sahajanand College, Panjarapole, Ambawadi, Ahmedabad - 380001 |
PERMANENT |
| 2 | BSE Ltd.
Address: P J Tower, Dalal Street, Mumbai 400023 |
PERMANENT |
| 3 | Bangalore Stock Exchange Ltd.
Address: Stock Exchange Towers, 51, 1st Cross, J C Road, Bangalore - 560027 |
Exiting Soon |
| 4 | Bhubaneswar Stock Exchange Ltd
Address: Stock Exchange Bhavan, P- 2, Jayadev Vihar, P. O. - Chandrasekharpur, Bhubaneswar - 751023 |
04-JUN-2014 |
| 5 | Calcutta Stock Exchange Ltd.
Address: 7, Lyons Range, Kolkata - 700001 |
PERMANENT |
| 6 | Cochin Stock Exchange Ltd
Address: MES Dr P. K. Abdul Gafoor Memorial Cultural Complex, 36/1565, 4th Floor, Judges Avenue, Kaloor, Cochin - 682017 |
07-NOV-2013 |
| 7 | Delhi Stock Exchange Ltd.,The
Address: DSE House, 3/1, Asaf Ali Road, New Delhi - 110002 |
PERMANENT |
| 8 | Gauhati Stock Exchange Ltd.,The
Address: Saraf Building Annexe, A T Road, Gauhati - 781001 |
30-APR-2013 |
| 9 | Inter-Connected Stock Exchange of India Limited
Address: International Infotech Park, Tower 7, 5th Floor, Sector 30, Vashi, Navi Mumbai - 400703 |
17-NOV-2014 |
| 10 | Jaipur Stock Exchange Ltd | 08-JAN-2015 |
| 11 | Ludhiana Stock Exchange Ltd.,The
Address: Feroze Gandhi Market, Ludhiana - 141001 |
27-APR-2014 |
| 12 | MCX - Stock Exchange Limited
4th Floor, Vibgyor Tower, Plot No C 62, G Block, Bandra Kurla Complex (BKC), Bandra (E), Mumbai - 400051 |
15-SEP-2015 |
| 13 | Madhya Pradesh Stock Exchange Ltd
Address: Palika Plaza, Phase II, 201, 2nd Floor, MTH Compound, Indore - 452001 |
PERMANENT |
| 14 | Madras Stock Exchange Ltd.
Address: P O Box no 183, New No: 30 (old No: 11) Second Line Beach, Chennai - 600001 |
PERMANENT |
| 15 | Magadh Stock Exchange Ltd.
"SEBI vide order dated September 3, 2007 refused to renew the recognition granted to Magadh Stock Exchange Ltd." |
|
| 16 | National Stock Exchange of India Ltd.
Address: Bandra Kurla Complex, Bandra (East) Mumbai 400051 |
PERMANENT |
| 17 | OTC Exchange of India
Address: 92, Maker Towers 'F', Cuffe Parade, Mumbai - 400005 |
22-AUG-2014 |
| 18 | Pune Stock Exchange Ltd
Address: Shivleela Chambers, 752, Sadashiv Peth, RB Kumthekar Marg Pune - 411030 |
01-SEP-2014 |
| 19 | The Vadodara Stock Exchange Ltd.
Address: Fortune Tower, Sayajigunj, Vadodara - 390005 |
03-JAN-2015 |
| 20 | U.P. Stock Exchange Limited
Address: Padam Towers, 14/113, Civil Lines, Kanpur - 208001 |
02-JUN-2014 |
| 21 | United Stock Exchange of India Limited
Office no 3 to 6, 7th Floor, Arcadia Building, 195,N.C.P.A Marg, Nariman Point, Mumbai-400021 |
21-MAR-2015 |
No comments:
Post a Comment