The Morison Committee Report on the Stock Exchange Inquiry, 1936

In 1936, forward trading was suspended. Consequently, the investing public faced huge losses and brought criticism to the exchange. This led to the Governor in Council appointing the Stock Exchange Enquiry Committee under the chairmanship of Walter B. Morison vide a resolution dated November, 24 1936 to examine the workings of the Native Share and Stock Brokers’ Association of Bombay (earlier known as Bombay Stock Exchange and now BSE) and to submit any suggestions for modifications or reorganization of the stock exchange in the interest of investors. The Morison Committee Report is a significant chapter in the history of Indian stock exchanges, shedding light on the initial attempts at reforming and structuring the market for enhanced transparency and investor protection.