Trading mechanisms of securities law in India with capital market and money market
That before1850 security were traded at Bombay Mainly the share of commercial Bank; Mercantile Bank and Bank of Bombay and Securities for being and selling includes securities of east India company. In 1850, American Civil war broke out resultant the arise of Joint Stock Company further leds the Passing of companies Act 1850. The present Dalal Street in Bombay was begin to run 1874 where brokers meet and conduct there securities business. On 9th July 1985 trading business was formalized with the name of Bombay stock exchange. The Stock exchange of Bombay i.e. Native share broker association started with about 318 members initially. The fee of Rs. 1 in 1887; reached 1000 in 1896 to 48000 in 1920 to 55 lakhs in 1994 gives manifestation of the development of stock exchanges in India this manifestation shows huge growth of trading market in India.