Abstract
The organization and management of the stock exchanges suffer from major weaknesses and malpractices. Reforms have to be brought about urgently, if they have to support the envisaged growth in listed capital from about Rs 6,000 crore in 1985 to about Rs 90,000 crore by the turn of the century, argues Dr Patil.
Dr Patil has identified the reforms that have to be made on a priority basis besides providing, for comparative purposes, brief outlines on the functioning of the stock exchanges in the US, UK, and Switzerland.
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