Bombay Stock Exchange

Mumbai, India

The Bombay Stock Exchange (BSE) is the first stock exchange in Asia, located in Mumbai, India. It offers a platform for buying and selling stocks, bonds, and derivatives, facilitating financial trading in one of the world's largest financial markets. BSE is known for its technological advancements and plays a vital role in the Indian economy.

CCI Score

-14.54

0.07% May 31

Latest Event

FIR Ordered Against BSE Leadership Over Fraud Allegations

A special PMLA court in Mumbai directed the registration of an FIR against former SEBI chief, BSE chairman, and three whole-time members following allegations of stock market fraud, regulatory lapses, and corruption linked to a 1994 IPO listing.

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ENABLER

Bombay Stock Exchange is currently rated as an Enabler.

-10 to -19 CCI Score

Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

MAR

03

2025

FIR Ordered Against BSE Leadership Over Fraud Allegations
-48.78

A special PMLA court in Mumbai directed the registration of an FIR against former SEBI chief, BSE chairman, and three whole-time members following allegations of stock market fraud, regulatory lapses, and corruption linked to a 1994 IPO listing.
-50

Business Practices and Ethical Responsibility

April 20

The article details judicial action initiated against top officials of the Bombay Stock Exchange for alleged regulatory failures and corruption. Such allegations undermine ethical business practices and market integrity, reflecting negatively on corporate responsibility.

PMLA Court Directs Registration of FIR against Former SEBI Chief, BSE Chairman, 3 Current Whole-time Members
MAR

03

2025

BSE Legal Response to Mumbai Court Order
19.51

The Bombay Stock Exchange announced that it will take appropriate legal steps in response to a Mumbai anti-corruption court order probing allegations against former SEBI chairperson Madhabi Buch and others, stating that the alleged officials were not connected to BSE at the time of the controversial listing and dismissing the complaint as frivolous and vexatious.
+20

Public and Political Behavior

April 20

BSE's prompt and robust legal response to challenge the court order by dismissing the allegations as frivolous demonstrates a commitment to upholding regulatory integrity and due process. By distancing itself from the alleged misconduct and defending the legitimacy of its trading protocols, BSE is positioning itself as upholding fair market practices, a step that aligns with anti-authoritarian values.

SEBI, BSE respond to allegations against Madhabi Buch, 5 others: Will take ‘appropriate legal steps’
MAR

02

2025

Court Orders FIR Against BSE Officials Over Alleged Regulatory Lapses
-47.69

A Special Court in Mumbai ordered the registration of an FIR against former SEBI chairperson Madhabi Puri Buch and several top BSE officials following allegations of collusion and regulatory lapses that allowed a fraudulent company listing, allegedly harming investor interests.
-60

Regulatory Capture

April 20

The court order highlights serious allegations of collusion and regulatory capture, wherein top BSE officials are implicated for their role in facilitating a fraudulent listing. Such behavior undermines institutional accountability and investor protection, thereby contributing negatively to democratic and ethical business practices.

'Prima Facie Evidence Of Regulatory Lapses' : Court Orders FIR Against Ex-SEBI Chief Madhabi Puri Buch & BSE Officials
-40

Business Practices and Ethical Responsibility

April 20

The allegations against the BSE officials for enabling a fraudulent company listing reflect deep ethical and governance failures. Such business practices erode public trust and investor safety, highlighting a breach of ethical responsibility in the financial sector.

'Prima Facie Evidence Of Regulatory Lapses' : Court Orders FIR Against Ex-SEBI Chief Madhabi Puri Buch & BSE Officials
JUL

14

2023

BSE Adopts Enhanced Governance Norms Under SEBI Mandate
18.82

Following the SEBI LODR Amendment announced in July 2023, the Bombay Stock Exchange is required to update its materiality and disclosure policies. This mandate compels the exchange, as one of India's top listed entities, to implement shortened disclosure timelines and verify market rumors, thereby promoting transparency and accountability.
+25

Public and Political Behavior

April 20

The new regulatory framework requires BSE to operate with greater transparency by mandating prompt, clear disclosures of material information. This helps counteract misinformation and potential market manipulation, contributing positively to democratic oversight.

SEBI Tightens Governance Norms for Listed Entities
+20

Business Practices and Ethical Responsibility

April 20

By enforcing mandatory updates to their internal policies and materiality thresholds, BSE is pushed towards higher ethical standards and robust corporate governance. This action supports fair market practices and diminishes the space for opaque, authoritarian manipulations in the financial sector.

SEBI Tightens Governance Norms for Listed Entities