Ahmedabad Stock Exchange Limited is a premier national equities exchange that plays a key role in the Indian securities markets. Serving individual and institutional investors from around the world, its primary business is the trading of approximately 2000 nationally listed equities. The Exchange also trades over 200 high growth companies that are solely listed on the ASE or dually listed with another exchange.
The Stock Exchange-Ahmedabad constituted as a Public Charitable Trust in 1894, is the second oldest exchange of India. It is recognized by Securities Contract (Regulations) Act, 1956 as a permanent stock exchange.
History of Stock Exchanges in India traces back to the nineteenth century with the establishment of the Bombay Stock Exchange in 1875 followed by the Ahmedabad Stock Exchange in 1894. In the world map of bourses, the Stock Exchange – Ahmedabad holds a unique place with its initial functioning starting under a banyan tree and has progressed year after year therefrom.
Earlier, all the Stock Exchanges in India functioned under the framework of the Bombay Securities Contracts Act, 1925. The Securities Contract Regulations Act, 1956 was enacted thereafter and all the Stock Exchanges in India were required to get recognition from the Ministry Of Finance. At this juncture, the eventual process of merger took place and Gujarat Share & Stock Exchange, Indian Share and General Exchange Association, and Bombay Share and Stock Exchange, Share and Stock Brokers Association merged with the Ahmedabad Share and Stock Brokers Association. The membership of the merged entity was 463. In 1982, The Stock Exchange- Ahmedabad got permanent recognition from the Government Of India.
The 80s and 90s saw a major focus on building up requisite infrastructure and bringing about rapid progress in the area of computerization in the exchanges as a whole. Recognizing and appreciating the necessity of computerization and putting emphasis on screen-based trading the Stock Exchange-Ahmedabad went live on Dec. 12, 1996.
SEBI EXIT ORDER:
Securities and Exchange Board of India issued a circular no. CIR/MRD/DSA/14/2012 dated May 30, 2012 (exit circular) in respect of exit policy for De-recognized / Non-operational Stock Exchanges.
As per the circular, if the stock exchange is not able to achieve the prescribed turnover of Rs. 1000 crores on a continuous basis or does not apply for voluntary surrender of recognition and exit before the expiry of two years from the date of circular dated May 30, 2012, SEBI shall proceed with compulsory de-recognition and exit of such stock exchanges, in terms of the conditions as may be specified by SEBI.
Surrendering of License:
As the holding company (exchange) stopped the trading platform from nine years and could not achieve the criteria laid down by SEBI by May 30, 2014, the shareholders of the company at Extraordinary General Meeting held on July 05, 2014, approved surrender of license as a stock exchange.
The Company voluntarily applied to SEBI for surrendering of license as stock exchange vide letter no. 254 dated July 11, 2014.
|Total Available Shares:||5000|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||500 Shares|
|Current Unlisted Share Price:||₹ 38 Per Equity Share|
|Retail Discount:||Bulk Deal (1%)|
Please find below the procedure for buying Ahmedabad Stock Exchange Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Ahmedabad Stock Exchange Unlisted Shares at UnlistedZone.
Lock-in period of Ahmedabad Stock Exchange Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Ahmedabad Stock Exchange Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Ahmedabad Stock Exchange Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable
If you buy Ahmedabad Stock Exchange Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of Ahmedabad Stock Exchange Unlisted Shares Instantly?
The Ahmedabad Stock Exchange Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
The price of Ahmedabad Stock Exchange Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.
If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."
We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Ahmedabad Stock Exchange Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Ahmedabad Stock Exchange Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
For tracking news and other information about Ahmedabad Stock Exchange Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.