What is OTCEI? :
What is OTCEI? The Over The Counter Exchange of India
(OTCEI) incorporated under the provision of the
Companies Act 1956, is a public limited company. Created By – Kayyum Shaikh
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What are the Functions? It allows listing of small and medium sized companies.
The minimum issued share capital required of a company that wants to be listed on OTCEI is Rs. 3 million and the maximum Rs. 250 million. Created By – Kayyum Shaikh
But, cannot be listed: :
But, cannot be listed: Companies engaged in:
Investment,
Leasing,
Finance,
Hire Purchase,
Amusement Parks etc. Created By – Kayyum Shaikh
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Promoters of OTCEI Created By – Kayyum Shaikh It is jointly promoted by,
ICICI,
UTI,
SBI Capital Markets Ltd.,
Canbank Financial Services Ltd.,
GIC and
LIC.
With and authorized capital of Rs. 10 crore and a paid-up capital of Rs. 5 crore
Benefits of OTCEI :
Benefits of OTCEI it helps companies raise finance from the capital market in a cost effective manner and provides a convenient and effective avenue of capital market investment for investors at large.
OTCEI’s wide computerized net work will be spread all over India and will make investment mainframe computer of OTCEI.
Listing on OTCEI is advantageous to companies because of the high liquidity of these securities, which is a result of compulsory market making, improved access and speed of transactions resulting from the extensive network of electronically interlinked counters. Created By – Kayyum Shaikh
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Created By – Kayyum Shaikh Thank You