Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
OTCEI
OBJECTIVES
PROMOTERS OF OTCEI
OTCEI is incorporated as company under section 25
of the Indian companies' act 1956.
FEATURES OF OTCEI
NATIONWIDE TRADING
RINGLESS TRADING
TOTALLY COMPUTERISED
TRANSPARENT TRADING
ONLY AUTHORIZED DEALERS
TWO WAY OF MAKING A PUBLIC OFFER
FASTER TRANSFER AND TARDING OF SHARES
INVESTOR REGISTRATION
TRADING IN UNLISTED EQUITY SHARES
TRADING IN FUTURES AND OPTIONS AND
FORWARD CONTRACT ON STOCK
LISTING AT OTCEI NEERAJ CHITKARA
Listing Requirements
6. Trading of 20% equity of public sector units that are offered for
for sale on the stock markets are allowed as permitted securities
on OTCEI.
Cont
10. A property company which is listed on any
other recognized stock exchange in the country
is eligible for listing on OTCEI simultaneously;
They have track record of continuous profitability for at least past 3 years;
The debt- equity ratio of these companies should conform to the RBI guidelines;
The sponsor in the scrips of these companies should hold at least 10% of the public
offer as market making inventory in comparison with a minimum of 5% applicable o
other OTCEI listed companies;
In case such companies have floated fixed deposits/debentures, they should obtain
investment grade rating by a rating agency
Procedure for listing
NEERAJ CHITKARA
The sponsor after compliance with all SEBI guidelines gets all statutory
consent.
The sponsor registers the issue with OTCEI and makes the listing
application to the OTCEI as per rules and regulations.
Once the allotment is over, the equity is listed and trading commences.
Application for listing
NEERAJ CHITKARA
After the completion of entire process of allotment and refund, the company
or the sponsor makes the application for the listing of scrips at OTCEI. The
following documents are to be attached with the application for listing:
Listing agreement
Certificate from auditor that the allotment letters, counter receipts and
advice-cum-refund orders have been mailed;
A certificate from the auditor that the allotment has been made as per the
basis approved by OTCEI;
Listing Fee
Investor
Issuer Companies
Members and Dealers
Market Makers
Compulsory Market Making
Additional Market Making
Voluntary Market Making
Sponsors
Registrars and Custodians
Central Clearing Bank
Settler
Monitoring Agencies
NEERAJ CHITKARA
BENEFITS OF OTCEI
FOR COMPANIES:
BENEFITS OF OTCEI
FOR INVESTOR:
BENEFITS OF OTCEI
Cont
The trading documents mainly involved in OTC Exchange transactions
are: