SEBI Reviewing Calcutta Stock Exchange Exit Proposal Submitted in 2025

India’s capital markets regulator is currently examining a request from the Calcutta Stock Exchange to discontinue its operations as a recognised stock exchange, as per PTI reports. 

SEBI Reviews Voluntary Exit Proposal 

Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha that the Securities and Exchange Board of India is evaluating the application submitted by the Calcutta Stock Exchange seeking permission to exit the stock exchange business. 

To assess the proposal, SEBI has formed a working group and appointed an independent valuation agency to verify and determine the value of the exchange’s assets and liabilities. 

Information Review and Regulatory Assessment 

The regulator is also awaiting certain additional information requested from the Calcutta Stock Exchange before proceeding further with the evaluation process. 

According to the minister, SEBI will issue a speaking order on the matter after examining issues related to the exchange’s exclusively listed companies, its asset and liability position, and possible regulatory relaxations required to facilitate the exit. 

Background of the Exit Request 

Trading activity on the Calcutta Stock Exchange platform had already ceased in April 2013. The exchange later sought voluntary exit under SEBI’s exit policy for stock exchanges through a letter dated February 18, 2025. 

Earlier, the Calcutta High Court in orders dated February 19, 2024, and August 19, 2024, had granted additional time for the exchange to comply with requirements relating to clearing corporation arrangements and net worth under the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. 

Read More: SEBI Introduced Debit Freeze Facility for Mutual Funds Investors: What You Need to Know! 

Conclusion 

After failing to meet the stipulated regulatory requirements within the extended timeline, the Calcutta Stock Exchange applied for voluntary exit, and the proposal is currently under examination by SEBI. 

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