Securities and Exchange Board of India (SEBI) vide its circular dated May 18, 2010 has prescribed the guidelines regarding setting up of a Stock exchange/ a trading platform by a recognized stock exchange having nationwide trading terminals for Small and Medium Enterprises (SME).
Subsequently on request of BSE Ltd. (BSE) and National Stock Exchange of India Ltd. (NSE), SEBI accorded approval for setting up of SME platforms to BSE and NSE on September 27, 2011 and October 14, 2011 respectively. Thereafter, launch of SME platforms at BSE and NSE both, took place on March 13, 2012.
Government has no stake in such exchanges/platforms.
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