9th October 2013, Mumbai, India - Siddharth Shah today was re-elected by his colleagues in the BSEBrokers’ Forum Board to serve as majority chairman of the BSE Brokers’ Forum for the tenure 2013 – 15.
After today’s vote, Chairman Shah released the following statement:
“I am both humbled and honored by the members of the Board for granting me the honor of serving as Chairman for another term. It has been the highlight of my career to serve in this role and I look forward to working with my colleagues on both sides of the isle to help solve some of the issues that the capital market faces and for the betterment of member brokers. As a member of the Forum I have had ample opportunity to get to know and admire its strong presence and performance. Strategically, Forum is in very good shape, and I am looking forward to taking on this opportunity and serve the Forumto the best of my effort and virtue.”
The following Officer bearers were selected from the board of members:
1. Alok Churiwala, Vice Chairman
2. Uttam Bagri, Secretary
3. Lalit Mundra, Jt. Secretary
4. Kishore Kansagra, Treasurer
Vispi Rusi Bhathena, Chief Executive Officer, BSE Brokers’ Forum adds, “Forums’ sole objective is to work for the betterment of the broking fraternity and the capital market intermediaries.
The Forum regularly conducts several seminars and events on monthly basis – right from topics related to taxation, compliance, surveillance to new business opportunities for members; now the Forum has even initiated seminars at Pan India level, enabling our members spread across India to be a part of the same. The Forum has even played a pivotal role in spreading financial literacy at Pan India through conducting various educational seminars with reputed investor associations at various reputed IIM’s, Business schools and colleges. Forum has continuously been the voice of the memberbrokers by taking up the relevant causes and grievances with the regulators and thestock exchanges on timely basis. In addition, the Forum has even spread its wings internationally by becoming the full member of the International Council of Securities Associations (ICSA) – first to represent India at a global level. Today, the Forum stands boldly not only in the domestic market but even has a visible global footprint.”
Forum initiations at a glimpse:
Forums’ representations: A glimpse
§ Presented Pre-Budget Memorandum to the Finance Ministry on the issues facing the capital markets
§ Presented white paper to Ministry of Finance on Rajiv Gandhi Equity Savings Scheme
§ Met Shri Rahul Gandhi with regards to the Rajiv Gandhi Equity Savings Scheme and financial inclusion
§ Regularly meets and represents to the regulator, stock exchanges, depositories and related financial institutions on various issues and concerns with the regards to the trading member fraternity and the betterment of capital markets
§ Forum has even made presentation to SEBI on Call auction, NISM certification, Margin Issues, PMLA etc
Forums’ activities: A glimpse
§ Organizes seminars and discussion boards for member brokers on themes related to Compliance, Technology, Current Trends, PMLA, New Companies Bill, Legal issues related to Will, KRA, FATCA etc.
§ Launch of Educational DVD by BSE Brokers’ Forum in association with BSE IPF, IEWA
§ Re-launched “FORUM VIEWS” (a monthly magazine) which is circulated to the Members, Stock Exchanges, Regulators, Depositories, Banks, Financial Institutions, Business Schools, Associations, MOF, Professionals, and even has a Global presence
§ Achieved ISO 9001: 2008 British Certification Inc.
§ Forum become member of reputed industry bodies like FICCI, ASSOCHAM,Maharashtra Industrial & Economic Development Association, CII and Association of Business Communicators of India
§ Signed MOU with Bajaj Alliance Life Insurance Company Ltd.
§ Singed MOU with the All India Association of Industries (AIAI)
§ Presence of Forum through new website and being active on social media (Facebook/Twitter)
§ Forum was recognized and honored with excellence in leadership, initiations towards investor education and awareness by the American Academy of Financial Management, India. (A US-based board of standards, certifying body, and accreditation council dedicated to the finance sector and management professionals.)
§ Organized a rendezvous with Honorable Chief Minister of Gujarat Mr. Narendra Modi with our member brokers
Forum on the Global front:
§ Launched Comprehensive International Program on Securities Market Operations, Surveillance and Risk Management (Including Valuation, Macro-Economic Trends), co-branded with BSE Institute Ltd (Attendees from Asia, Africa and UAE)
§ Signed MOU with Hong Kong Securities Association
§ Signed MOU with Maldives Stock Exchange
§ Signed MOU with Philippine Association of Securities Brokers and Dealers, Inc.
§ Signed MOU with Association of Stock broking Companies Malaysia
§ Launched 1st International Outreach Program 2013 (Global Business Connect Tour for Member Brokers) from 28th April to 8th May 2013, visited Thailand • Philippines • Indonesia • Singapore • Malaysia
§ Forum become the full member of International Council of Securities Associations (First to represent India)
Forums’ Investor Education and Awareness Initiatives: A glimpse
§ Forum has conducted so far 72 seminars across India for the Financial inclusion and the Financial literary in IIM’s, B- Schools and colleges across India including IIM Indore, IIFT Delhi, Symbosis, Pune to name a few. We have trained more than 4500 students so far. This has given Forum a huge visibility in front of the regulators and corporates
About the BSE Brokers’ Forum, Mumbai, India
“BSE Brokers’ Forum”, a body formed in 1993 with a view to represent the concerns of the capital market fraternity to the stock exchanges and regulators. The Forum has been playing a vital role in the development of the capital market in general and trading members in particular. Currently, Forum has over 750 active trading members of the equity segment as its members.
The Forum has even launched a knowledge management cell whereby the trading members, capital market intermediaries and investors are imparted capital market related knowledge and know-how in Mumbai and at pan India level. This is a major impetus towards spreading current trends, investor awareness and financial literacy.
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