Pursuant to Incorporation of new provisions by way of amendment to the  Securities Contracts (Regulation) Act,1956 by the Govt. of India during the year 2004 requiring all the Stock Exchanges in the country to be corporatised and demutulised, Bhubaneswar Stock Exchange, under a Scheme of Corporatisation and Demutulisation approved and notified by Securities and Exchange Board of India (SEBI) on 15th September,2005, was registered afresh as a Company  having share capital under the Companies Act, 1956 on revocation of license issued previously to it u/s 25 of the said Act and got itself corporatised. In this exercise, in terms of provisions of BhSE (Corporatisation & Demutulisation) Scheme,2005, 18,61,980 equity shares of Re.1/- each of Bhubaneswar Stock Exchange were issued to 100 interested applicant trading members.

    As regards the compliance of the part of   demutualisation, the statutory requirement was that the Stock Exchange had to ensure, at least 51% of its share capital should be held by the public other than the shareholders having trading rights in the Stock Exchange in the  manner  prescribed under Securities Contract (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006. In pursuance to this,. Bhubaneswar Stock Exchange complied with the requirement by issuing 39,37,000 equity shares of Re.1/- each on 12th September,2007  to 44 applicants including the corporate bodies on obtaining prior approval from SEBI.