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Journalism of Courage
Ludhiana Stock Exchange (LSE) has given a thumbs down to the proposal mooted by the last management to allow MCX-SX to have trading platform here.
This was announced by the chairman,Prof Padam Parkash Kansal,and Joginder Kumar,vice-chairman of LSE,today,after assuming the charge. The elections of the new team were held on September 29. Though some contestants had levelled allegations about bogus voting,but LSE has declared these members elected after passing the decision in the general body meeting.
However it needs to be mentioned that the last management had agreed to give two floors to MCX-SX for opening their exchange here and hence starting a trading platform from Ludhiana. However with the new managements decision it seems now some new options will have to be explored.
Kansal and Kumar said,There are more national level exchanges which are coming into the country like United Stock and others like Kotak,India Bull,Reliance and hence tie-up can be entered into with any of them.
This proposal will be presented in the extra-ordinary general body meeting.
The members said that they had planned to organise seminars and courses for the investors to educate them about stock market. Apart from this,Sanjiv Anand was chosen as the trading member director of LSE.
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