About CSE

Cochin  Stock  Exchange  Limited  had its  humble  beginning in the year 1978, incorporated as a Company  and  got  the  recognition  from  the Central Government  in 1979  under the Securities Contracts  (Regulation)  Act, 1956.  The trading operation on the Exchange commenced in 1980, which were till then carried out through the brokers located outside Kerala.  Today, the Exchange has 200 listed companies and 508 members.

Cochin  Stock  Exchange was the first Exchange in India to introduce computerization and on-line trading in 1990.   As a matter of fact,  at one point of time Cochin Stock Exchange was ranked as the 3^rd  largest Exchange in  India.  However,  the  then  prevailing  rules,  restricting  expansion of terminals outside the Municipal limits of Cochin and the subsequent fall in the market had adversely affected its trading activities. To counter this situation, the Exchange,  in accordance with the SEBI guidelines, has set up a wholly owned Subsidiary  Company in the name of Cochin Stock Brokers Ltd.,  which  is  a  Corporate  Member of  both  Bombay  Stock  Exchange  and  National  Stock Exchange and also a Depository Participant of Central Depository Services Ltd; started providing the trading facilities to the investors through the Members of the Exchange. The Stock Exchange’s Subsidiary, has a predominant presence all over Kerala, through the vast network of its Members with  more  than 250  trading terminals operating all over the State and a few of them are working outside the State.  Any  investor  dealing  with  the  Exchange  Subsidiary  would  now receive the payment and shares directly, in their name, from the Subsidiary and investors can be assured of the safety and transparency of the transactions.  We have tie ups with UTI Bank,  South  Indian Bank, and Federal Bank for  Anywhere  Banking  facility  and investors located at any place where these banks are h aving their  branches can receive and make payments instantaneously.   CSE is one of the promoters of the Inter connected Stock Exchange of India.

The Cochin Stock Exchange is directly under the control and supervision of Securities & Exchange Board of India (the SEBI), and is today a demutualised entity in accordance with the Cochin Stock Exchange  (Demutualisation)  Scheme,  2005  approved  and  notified  by SEBI on 29^th of August 2005. Demutualisation  essentially means de-linking and separation of ownership and trading rights and  restructuring  the  Board  in  tune  with  the Corporate Governance norms.  The first phase of de-linking these  rights  has since come into effect.  And in the second phase, the ownership, which is presently held by the Members of the Exchange, would also undergo a change in that 51% of the share capital be held by the public, other than stockbrokers, within next one year. 

OUR VISION

·    Providing investors with high level of liquidity whereby the cost and time involved in the entry and exit from the market becomes the least.

·     Bring in high tech solutions and make possible absolute transparency of all operations.

·     Built infrastructure for capital market by turning CSE into a financial super market.

·     Spread equity cult and to serve investors of the region.

·     Professional stock broking and investment management function.

·     Impart capital market knowledge to all intermediaries on a continuous basis.

·     To participate in the development of the economy by facilitating raising of capital by Small & Medium sized Companies not only in private Sector but by  PSUs, joint venture companies, local bodies etc. through the specially created INDONEXT route

MEMBERSHIP PROFILE

Cochin Stock Exchange currently has 508 members. The authorized capital of CSE is Rs 10 lakhs which is fully subscribed and paid up.

As  per  the  SEBI  norms  CSE  charges an initial deposit of Rs.2 lakhs from each of its members. Based on the  volume of trade each  member is to contribute additional deposits. Along with this a monthly subscription fee of Rs.200 for individual members and Rs.500 for corporate members will be charged by CSE. The members are allowed to appoint their assistants or sub-brokers based on the  guidelines  given  by SEBI.  During  the  five  years  of  membership each member have to pay Rs.5000  annually  to  SEBI as  advance  payment on or before 1^st October of each financial year. From the 6^th to the 10^th year of membership the total amount payable is Rs.5000 which is payable at the beginning of the 6^th year (counted as payment of Rs.1000 per year). In addition to this, if the previous  year turnover is  more than  1 crore then  0.01% of the exceeding amount should also be paid SEBI

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Cochin Stock Exchange, Kochi, India