BgSE Properties and Securities Limited Shares Details:
ISIN:
INE506I01011
Face Value:
₹ 1 Per Equity Share
Paid Up Equity Capital:
Rs. 3.66 Cr
About BgSE Properties and Securities Ltd:
SEBI passed "Exit Order" on December 26, 2014 granting approval to voluntary surrender of recognition and "exit" of the erstwhile Bangalore Stock Exchange Limited. Clause 11 (d) of the "Exit" order passed by SEBI directed the Company to change its name and not to use the expression "Stock Exchange" or any variant of this expression in its name and to avoid any representation of present or past affiliation with the stock exchange, in all media.Pursuant to the Special Resolution passed by the shareholders on April 27, 2015 by way of Postal Ballot, application was made to Registrar of Companies (ROC), Bangalore for change in name of the Company from Bangalore Stock Exchange Limited to "BgSE Properties and Securities Limited". ROC, Bangalore approved the change of name and updated MCA site with the new name of the Company on May 14, 2015. New Certificate of Incorporation issued by ROC, Bangalore pursuant to change in name of the Company has been displayed on the website of the Company. With the de-recognition of the erstwhile Bangalore Stock Exchange Limited, the Company has stopped all stock exchange related activities with effect from December 26, 2014. The new objects of the Company, i.e. BgSE Properties and Securities Limited, are as under:
VOLUNTARY SURRENDER OF RECOGNITION AND EXIT BY THE ERSTWHILE STOCK EXCHANGE
Pursuant to the special resolution passed by the share-holders in the EGM held on September 21, 2013; the erstwhile Bangalore Stock Exchange Limited submitted a formal application for Voluntary surrender of recognition and Exit as a stock exchange to SEBI on October 8, 2013, which was approved by SEBI by passing an EXIT order in respect of the erstwhile Bangalore Stock Exchange Limited on December 26, 2014.
LISTED COMPANIES OF THE ERSTWHILE BANGALORE STOCK EXCHANGE
As on December 26, 2014, there were 255 companies listed on the Stock Exchange. Out of which 225 were listed on BgSE and other Stock Exchange(s). There were 30 exclusively listed companies which did not get listed on other Stock Exchanges and were moved to Dissemination Board of BSE Limited in terms of clause 3 of SEBI circular dated May 30, 2012.