Jaipur Stock Exchange Limited (JSEL) was incorporated on 28th December, 1983 as a company limited by guarantee under the Companies Act, 1956. The prime object of JSEL was to facilitate, assist, regulate and control the transactions of business on the Stock Exchange and to establish Clearing House for transactions by members.
The Ministry of Finance, Stock Exchange Division, Government of India recognised JSEL as the 16th Stock Exchange of India on 9th January, 1989 and the authority to run the trading activities was granted with effect from 21st August, 1989. JSEL started its operations initially at Rajasthan Chamber Bhawan, M.I.Road, Jaipur. The office of JSEL was shifted to its own premises situated at Malviya Nagar, Jaipur in 1998.
Initially, JSEL was sanctioned a membership of 500 brokers which was increased to 600 in the year 1995. The members of the Exchange are providing services to investors situated in all parts of the State of Rajasthan.
On announcement of the Demutualisation Scheme of the Stock Exchange in Finance Act, 2004 and in pursuance of SEBI Notification No.S.Q.No.1315 (E) dated 15.09.2005, JSEL was converted into a Company Limited by shares w.e.f. 28th March, 2005 with an authorized share capital of Rs.75,00,000/- divided into 75 lacs equity shares of Re.1/- each.
After Demutualization of the Jaipur Stock Exchange Limited, trading membership and ownership rights stand segregated.
