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Mangalore stock exchange Limited (MGSE) was located inMangalore,Karnataka,India. It is under the ownership ofMinistry of Finance,Government of India. It was incorporated on 31 July 1984 as a public limited company. The Exchange was recognised by the Central Government for an initial period of 5 years on 9 September 1985 under section 4 of the Securities Contracts (Regulation) Act, 1956 and later on the period of recognition was extended by one year, from 9 September 1990 to 8 September 1991. The last recognition was valid up to 8 September 2003. On 31 August 2004,SEBI decided to derecognize the Mangalore Stock Exchange.[1]
Chief MinisterS.M. Krishna laid the foundation stone for the new building of the Mangalore Stock Exchange (MgSE) at Kulur on Sept 28, 2001. The MgSE has been granted 3 acres (12,000 m2) of land by the state government.[citation needed]
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