January 19, 2018

Nirmal Bang and Metropolitan Stock Exchange

Rakesh Bhandari ,Director of well known Brokerage / Investment Advisers firm Nirmal Bang Securities( P ) Ltd.has been appointed as Member, Advisory Committee of Metropolitan Stock Exchange.



Let us hope ,Equity Trading starts soon in Metropolitan Stock Exchange.

There are around 200 Exclusively Listed Companies ( mainly Small / Mid Caps from erstwhile Regional Stock Exchanges ( now closed ) .

Investors of such shares have taken up the matter with the Chairman , SEBI and Hon'ble Finance Minister of India and Metropolitan Stock Exchange on the following  grounds :-

1 ) Investors of Metropolitan Exclusively  Listed shares ( gems like Frick India , Dalmia Refractories ( of the renowned Dalmia Bharat group ) are , presently ,  getting around  one third of the likely rate had  these shares been listed. 

2 ) Investors cannot claim Exemption from Long Term Capital Gains Tax in the absence of proper Contract Notes.

3 ) Central Govt. is , daily , losing crores of rupees of Revenue by way of lost GST and STT ( Securities Transaction Tax  ).

4 ) Metropolitan Stock Exchange has , recently , collected Rs. 200 cr +   ( privately ) and should , now ,start Equity trading , at the earliest.


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