MPSEL was originally set up as an association in 1919, with around 150 broking members. It was granted permanent recognition under the provisions of the Securities Contract (Regulation) Act, 1956 ("SCRA"), by the Government of India in 1988.
MPSEL was founded as an association in 1919, comprising around 150 broking members. It gained permanent recognition under the Securities Contract (Regulation) Act, 1956 ("SCRA"), by the Government of India in 1988.