OTC Exchange of India

Authors

• Narayana Rao

Published

Creative Commons Attribution 3.0 License

Version 4

Last edited: 03 Apr 2011

Exported: 26 Nov 2011

Original URL: http://knol.google.com/k/-/-/2utb2lsm2k7a/178

OTCEI was incorporated in 1990 as a Section 25 company under the Companies Act 1956 and is recognized as a stock exchange under Section 4 of the Securities Contracts Regulation Act, 1956. The Exchange was set up to aid enterprising promoters in raising finance for new projects in a cost effective manner and to provide investors with a transparent & efficient mode of trading.

 

Modelled along the lines of the NASDAQ market of USA, OTCEI introduced many novel concepts to the Indian capital markets such as screen-based nationwide trading, sponsorship of companies, market making and scripless trading.  The Exchange today has 115 listings and has assisted in providing capital for enterprises that have gone on to build successful brands for themselves like VIP Advanta, Sonora Tiles & Brilliant mineral water, etc.

 

IPO Process on OTCEI

 

http://www.otcei.net/ipo/

OTCEI is an active exchange in 2011

Visit http://www.otcei.net/product/Announcements-2010-2011.htm

Reviewed 3.3.2011