BSE Ltd became the first Indian stock exchange to be designated as ‘Designated Offshore Securities Market’ (DOSM) from the United States Securities and Exchange Commission (SEC).
BSE
What does BSE stands for?
Bombay Stock Exchange
Where exactly is the BSE located in India?
Dalal Street, Mumbai
Which was Asia’s 1st stock exchange?
BSE
BSE was the 1st stock exchange to be recognized under which Act of the Govt.?
Securities Contracts Regulation Act
Who is the MD and CEO of the BSE?
Ashish Chauhan
- DOSM status will allow the sale of securities to US investors through the trading venue of BSE without registration of such securities with US SEC.
- This would help in the ease of trade and will help US investors in India.
- It would also enhance the attractiveness of Indian Depository Receipts (IDRs) amongst US investors.
- This status would provide additional benefits to companies whose securities are traded both in the US and on the BSE.
- BSE-listed securities, originally issued in the US and exempt from SEC registration, may be freely resold on the BSE.
- Certain directors and officers of dual-listed companies will be permitted to resell their securities on the BSE, regardless of any restrictions that may apply under the US securities laws.
Expected Questions
Which is the 1st Indian stock exchange to get DOSM recognition?BSE
What does BSE stands for?
Bombay Stock Exchange
Where exactly is the BSE located in India?
Dalal Street, Mumbai
Which was Asia’s 1st stock exchange?
BSE
BSE was the 1st stock exchange to be recognized under which Act of the Govt.?
Securities Contracts Regulation Act
Who is the MD and CEO of the BSE?
Ashish Chauhan
