MCX-SX to set up state-level advisory boards

Virendra Pandit | | Updated on: Mar 12, 2018

MCX Stock Exchange on Tuesday said it will appoint state-level advisory boards across India to promote capital market in the country.

Announcing this at a press conference here, Jignesh Shah, Vice-Chairman, and Joseph Massey, Managing Director and CEO, MCX-SX, said these boards would comprise brokers, investors, representatives, academic institutions, professional bodies and all other stakeholders of the capital market in each state.

They will undertake activities related to financial literacy and financial inclusion, identify problems of the stakeholders and provide solutions.

Earlier, MCX-SX had also announced cost optimum transaction fee and membership fee structure. It is currently offering membership to composite members, professionally-qualified members and rural entrepreneur members.

The rural entrepreneurship membership is designed for those located in 5,924 sub-districts and talukas, beyond the existing 2,000, where there is no capital market penetration, they said.

The exchange, which held a roadshow in Ahmedabad on Tuesday as part of its membership drive, will hold similar shows in New Delhi (September 12), Kolkata (September 13), Chennai (September 14), Hyderabad (September 17), Jaipur (September 19) and Indore (September 21).

Published on September 11, 2012
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