Stock Exchange
Stock exchange is an organized market where sale and purchase of listed securities of all description i.e. shares, stocks, debentures, government securities, etc. are done. It is a government approved market place where buyer and seller of securities of all kind find each other to buy and sell securities on the market price.
Meaning of Stock Exchange
“ An association, organization or body of individuals, whether incorporated or not, established for the purpose of assisting, regulating and controlling business in buying, selling and dealing in securities.”
- The Securities Contracts (Regulation) Act, 1956
A stock exchange is a common and authorized point of exchange, which offers the services for stock brokers and traders to buy or sell stocks, bonds, and other securities of such kind. Further, it also provides facilities for issue and redemption of securities, other financial instruments, and capital events. For example, payment of income and dividends.