With a view to review the working of the OTCEI and to make recommendations for its further improvement, SEBI appointed an eight-member committee under the chairmanship of Dr. S.A. Dave on 17 April 1996. The penny stock reform act sought to clamp down on fraud in non-exchange-listed stocks priced below $5 that generally trade in the over-the-counter market. Canada’s New Stock Exchange (CSE) is an electronic stock exchange for micro-cap and emerging companies in Canada. ADVERTISEMENTS: The maximum period of lease according to law is for 99 years. The committee has recommended that companies which do not satisfy these criteria should be allowed to get listed on the OTCEI provided they appoint a sponsor and two market makers to the issue. Image Courtesy : ensyklopedia.com/wp-content/uploads/2011/09/Secondary-Marktet-India.jpg. Dealers operate in a few capacities, the two most important being as a broker and as a market maker. OTCEI requires such sponsor members to act as ‘market makers’ in that scrip for at least 3 years and also to appoint an additional market maker for that scrip for a period of at least one year. If you wish to opt out, please close your SlideShare account. Previously land or real resate, mines […] Scribd will begin operating the SlideShare business on December 1, 2020 The investor can submit the transfer documents at any of the OTCEI counters in the country. Proses deposit dan withdraw (penarikan dana) tercepat di segala bandar togel online terpercaya, yakni hanya maximal 1 menit. Before publishing your articles on this site, please read the following pages: 1.

These tasks include validating and storing documents as well as facilitating daily clearing transactions.

As of this date, Scribd will manage your SlideShare account and any content you may have on SlideShare, and Scribd's General Terms of Use and Privacy Policy will apply. The minimum issued capital was increased from Rs. The following are some of its unique features: Stock Restrictions: Stocks that are listed on other exchanges will not be listed on the OTCEI and conversely, stocks listed on the OTCEI will not be listed on other exchanges. Now customize the name of a clipboard to store your clips. Further, there should be a minimum participation of 10 per cent of the project outlay by the appraiser, in the form of equity or long-term debt. The minimum post- issue capital to be offered to the public to enable listing was lowered from 40 per cent to 25 per cent. If you continue browsing the site, you agree to the use of cookies on this website. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. The OTCEI has some special features that make it a unique exchange in India as well as being a growth catalyst for small- to medium-sized companies.

The company can obtain enlistment even with 40% public issue (which is 60% in case of listing on a recognised stock exchange). TOS 7. The committee has recommended that the ceiling of Rs.25 crore on the equity capital of a company seeking listing on the OTCEI be removed. After three years, these companies may either choose to remain on the OTCEI or seek listing on other stock exchanges. It is akin to a share certificate so far as its contents are concerned; (b) Sale Confirmation Slip (SCS) which is passed on to the seller when a deal is made. Yuk, bergabung bersama dengan Agen Togel Online Terpercaya dan juga Bandar Togel Terpercaya dan terbaik di seluruh Nusantara. The exact transaction price alongwith other details is also displayed in the counter computer.

Besides, it also offers facilities for transfer of shares listed here. Further, a three-year track record of profitability was made compulsory before listing takes place. Looks like you’ve clipped this slide to already. Companies which get delisted from regional stock exchanges should be allowed to list on the OTCEI since shareholders of delisted companies do not have a platform to off load their holdings. 30 lakh to Rs. Raising of funds becomes cheaper since they are priced fairly and the investor base is large. It has been promoted jointly by UTI, ICICI, IDBI, SBI Capital Markets Ltd., IFCI, GIC and Canbank Financial Services Ltd. In addition, once a company is listed, it cannot be delisted for at least three years, and a certain percentage of issued equity capital needs to be kept by promoters for a minimum of three years. Pink sheet companies are not usually listed on a major exchange. The OTCEI is based in Mumbai, India, and operates solely over a computer network. Clipping is a handy way to collect important slides you want to go back to later. (e) the company is not carrying on the business of investment, leasing, finance, hire-purchase or amusement parks. 30 lacs to less than Rs. See our User Agreement and Privacy Policy. You have to choose carefully. 1 lakh of issued capital can get listed on the OTCEI but should appoint sponsors and market makers.



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