Dr. Bhaskar Banerjee is the chairman & Sri Subrata Das is a Managing Director & Chief executive officer of CSE. Inability to cope in an inter-linked economy, where paperless trading isthenorm,sounded the death knell for CSEAn icon of market economy and a relic from the times Kolkata, as Calcutta, was the business capital of India, she survived the flight of businesses from West Bengal and 34 years of Communist rule, but couldn’t cope in an inter-connected economy, where share trading became paperless.The vacant trading hall at this Lyons Range edifice in the backyards of Writers’ Buildings—the state’s now abandoned administrative headquarters—hardly has any remains from its glorious past. That apart, some 2,500 firms are listed on CSE, of which shares of around 1,500 are traded exclusively at Lyons Range. This year, the special session will be held on Sunday from 6.15 pm to 7.15 pm.The only surviving regional bourse has been unable to find “a solution” so far and continues to fight a legal battle with the regulator, sources said. For them, the exchange lost relevance years ago. There are sixteen stock exchanges in the world that have a market capitalization of over US$1 trillion each. Calcutta Stock Exchange (CSE) located at the Lyons Range, Kolkata, India, is the second oldest stock exchange in South Asia.It was incorporated in 1908 and is the second-largest bourse in India. Explore more for Calcutta stock exchange breaking news, opinions, special reports and more on Livemint. Calcutta Stock Exchange wants more companies under its fold 31 Oct, 2011, 03.54 AM IST. Calcutta Stock Exchange (CSE) continues to stare at uncertain future when two major bourses in the country are gearing up for Muhurat Trading to mark the beginning of Samvat 2076. he asks.The markets regulator has never had much sympathy for such firms and, understandably so, because a decade ago it had to launch a drive to weed out companies from CSE that lent themselves to collusive trading aimed at tax evasion, a practice which, in Lyons Range’s parlance, used to go by the name jama-kharchi.Already under pressure from India’s top two bourses—National Stock Exchange (NSE) and BSE (then Bombay Stock Exchange)—Lyons Range fell from glory in March 2001. Prasenjit Dutta is Chief Financial Officer at Calcutta Stock Exchange. A few employees of the exchange spoke about the “uncertain future” and were looking forward for a revival. Sebi had in April 2013 halted trading on the CSE’s own platform, asking it to forge a partnership with an external clearing house. It'll just take a moment.You are now subscribed to our newsletters. Photo: Indranil Bhoumik/Mint 4 min read . There is no clear direction as of now,” a senior official told PTI. When the ban was lifted, a new trading session called badla had to be introduced.But badla eventually proved the undoing of the exchange, costing CSE at least At the same time, the investigation couldn’t conclusively determine if the software bug was introduced with malfeasance.As CSE embarks on what appears to be its last journey—the winding up of operations as an exchange—its board called an emergency meeting on Thursday, but in the wake of the agitation on Wednesday, it was held at an undisclosed location.Its managers did not display in its trading hall the notice it received from Sebi on Wednesday.The notice, reviewed by Mint, clearly says that CSE’s shareholders should be informed about the development.Log in to our website to save your bookmarks. The decision, unless challenged, could mark the beginning of the end of the 186-year bourse, once the country's second largest, with about 2,200 companies listed.

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