Stock Holding Corporation of India Ltd (SHCIL) was established in 1986 as?

a. Private Limited

b. Public limited

c. Unlimited

d. Limited Liability Partnership

ANSWER: Public limited

Explanation:

Stock Holding Corporation of India Ltd (SHCIL) was established in 1986 under the Government of India as public limited company.

Stock Holding Corporation of India Ltd (SHCIL), India’s largest custodian and depository participant.

It is owned by the India's leading Banks and Financial Institutions such as SU-UTI, IFCI Ltd., LIC, GIC, NIA, NIC, UIC, and TOICL.

SHCIL is known for its online trading portal with investors and traders.

It is also responsible for e-stamping system around India.

Stock Holding Corporation of India (SHCIL), the country's first and one of the largest security custodians to financial institutions.

SHCIL

Founded : 1986

Headquarter : Mumbai, India

Current Head : Ramesh NGS ( Current MD)