Preview

Otcei

Good Essays
Open Document
Open Document
835 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Otcei
Over The Counter Exchange of India(OTCEI)
Over The Counter Exchange of India(OTCEI) was incorporated in October 1990 under Section 25 of the Companies Act, 1956 with the objective of setting up a national, ringless, screen-based, automated stock exchange. It is recognised as a stock exchange under Section 4 of the Securities Contracts (Regulations) Act, 1956. It was set up to provide investors with a convenient, efficient and transparent platform for dealing in shares and stocks; and to help enterprising promoters set up new projects or expand. their activities, by providing them an opportunity to raise capital from the capital market in a cost-effective manner. Trading in securities takes place through OTCEI’s network of members and dealers spanning the length and breadth of India. OTCEI was promoted by a consortium of financial institutions including : • Unit Trust of India. • Industrial Credit and Investment Corporation of India. • Industrial Development Bank of India. • Industrial Finance Corporation of India. • Life Insurance Corporation of India. • General Insurance Corporation and its subsidiaries. • SBI Capital Markets Limited. • Canbank Financial Services Ltd.
Salient Features of OTCEI: 1. Ringless and Screen-based Trading: The OTCEI was the first stock exchange to introduce automated, screen-based trading in place of conventional trading ring found in other stock exchanges. The network of on-line computers provides all relevant information to the market participants on their computer screens. This allows them the luxury of executing their deals in the comfort of their own offices. 2. Sponsorship: All the companies seeking listing on OTCE have to approach one of the members of the OTCEI for acting as the sponsor to the issue. The sponsor makes a thorough appraisal of the project; as by entering into the sponsorship agreement, the sponsor is committed to making market in that scrip (giving a buy sell quote)

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Week 2 Assignment

    • 853 Words
    • 4 Pages

    Bruce and Bob organize Black LLC on May 10 of the current year. What is the entity’s default tax classification? Are any alternative classification(s) available? If so, (1) how do Bruce and Bob elect the alternative classification(s) and (2) what are the tax consequences of doing so?…

    • 853 Words
    • 4 Pages
    Satisfactory Essays
  • Better Essays

    Ocea 10

    • 1348 Words
    • 6 Pages

    Review Questions (2, 4, 5, 6, 7, 8, 9, 10, 11, 12, 14, 16, 17)…

    • 1348 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Mid Term Exam

    • 2499 Words
    • 10 Pages

    Ans – The over the counter market operates in a fixed location to conduct trades for local stocks.…

    • 2499 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Otzi The Iceman

    • 753 Words
    • 4 Pages

    Roughly 5,000 years ago, Ötzi, the Iceman, was murdered on the Ötztal Alps due to stealing a copper axe from another civilization close to his. Recently, scientists have found key evidence inside and outside Ötzi’s body supporting this claim.…

    • 753 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Otzi

    • 671 Words
    • 3 Pages

    There were wars over copper and Otzi had a good copper axe and so he might have wanted to be a shepherd so that he wouldn’t be killed for the copper that he had.…

    • 671 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    oijni

    • 477 Words
    • 2 Pages

    1) Describe (in your own words) how an action potential is transmitted from the axon terminal (pre-synaptic membrane) to an excited muscle (post-synaptic membrane). Be sure to include all electrolytes (minerals) and neurotransmitters that are used for the transmission of the action potential. Optional drawings can be included.…

    • 477 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Otranto

    • 645 Words
    • 3 Pages

    While each character in Horace Walpole’s Castle of Otranto seem to have their own dispositions that fuel the story, these dispositions also create a pattern intrinsic to gender. The males of the story are powerful and oppressive to their female counterparts. In contrast, the women remain devoted and submissive. Although it may seem that Walpole is trying to degrade women by use of male domination, he is actually focusing on the importance of the female role in the derivation of male power.…

    • 645 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Mountain Man Brewing

    • 2533 Words
    • 11 Pages

    What is Chris considering doing and what factors will he have to align to be successful? What goal should MMBC (Chris) have?…

    • 2533 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    otheloo

    • 1432 Words
    • 4 Pages

    Race is one of the most prominent themes in William Shakespeare’s Othello. The titular character is a black man in a predominantly white society and one of the first black heroes of English literature. At the time the play was written, black people were treated poorly by white people and were referred to as “moors” as they were considered to be barbaric and brutal just like the area of the moors in northern England. The main character is one of few exceptions to this as he is a high ranking officer in the Venetian army. However, this does not prevent indirect discrimination behind his back. The theme of race and racism is displayed using animalistic imagery, allusions to the occult and straight out racist language. It is not only black people discriminated against in the play, women and even different Italian nationalities are discriminated against. At the time of the play this would have been acceptable but in today’s society this mind-set is not politically correct.…

    • 1432 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    othelllo

    • 707 Words
    • 3 Pages

    10. Othello has been called Shakespeare's most exciting play. Discuss five ways that Shakespeare creates excitement in the play.…

    • 707 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    and organized trading facility (OTF) aggregation and smart order routing, integrate this smoothly with OTC trading of…

    • 2883 Words
    • 12 Pages
    Best Essays
  • Good Essays

    Kotak

    • 715 Words
    • 3 Pages

    Kotak Mahindra Bank is an Indian financial service firm established in 1985. It was previously known as Kotak Mahindra Finance Limited, a non-banking financial company. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank.…

    • 715 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    otara

    • 1320 Words
    • 5 Pages

    A woman entrepreneur can be defined as a confident, innovative and creative woman capable of achieving self-economic independence individually or in collaboration, generates employment opportunities for others through initiating, establishing and running the enterprise by keeping pace with her personal, family and social life.…

    • 1320 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    my papers

    • 587 Words
    • 3 Pages

    The stockbrokers can do all trading activities electronically with computer. They can submit and receive bids using computers. It reduces the cost as no paper special building is required to conduct these activities.…

    • 587 Words
    • 3 Pages
    Good Essays