BSE to list on BSE

The BSE, with effect from August 2, transformed from a statutory body collectively owned by government and stockbrokers to a company. The move created an entity known as BSE Limited, meaning the BSE no longer operates under the BSE Act of 1995 but operates under the Companies Act.

Demutualisation is a process of transforming from a member owned, not-for-profit, entity to a for-profit, investor-owned corporation which involves changing the legal status, structure and governance of an entity.