What do you mean by Over the Counter Exchange of India?

The Over-The-Counter Exchange of India (OTCEI) is an Indian electronic stock exchange composed of small- and mid-cap companies. The purpose of the OTCEI is for smaller companies to raise capital, which they cannot do at the national exchanges due to their inability to meet the exchange requirements.

What are the main features of OTCEI?

Features of Over The Counter Exchange of India (OTCEI)

  • Ringless Trading :
  • National Network :
  • Computerized Totally :
  • Exclusive List of Companies :
  • Two Ways of Making Public Offer :
  • Faster Transfers and Trading Without Shares :
  • Investor Registration :

What is OTCEI and NSE?

OTCEI is a computer based screen system exhibiting the quotations of the scrips of the companies of different industries of the nation. It has a national network and there is no geographical barrier for listing. Dealers and Investors can take decisions on the spot more quickly than on the regular stock exchanges.

What is meant by OTCEI?

Over The Counter Exchange of India (OTCEI) can be defined as a stock exchange without a proper trading floor. All stock exchange have a specific place for trading their securities through counters. But the OTCEI is connected through a computer network and the transactions are taking place through computer operations.

When was OTC exchange established in India?

1990
The OTC Exchange Of India was founded in 1990 under the Companies Act 1956 and was recognized by the Securities Contracts Regulation Act, 1956 as a stock exchange. The OTCEI is no longer a functional exchange as the same has been de-recognised by SEBI vide its order dated 31 Mar 2015.

What OTC means?

over-the-counter
OTC stands for over-the-counter.

Who regulates OTC market in India?

the central bank
The OTC derivatives markets in India are well regulated by the central bank. The Reserve Bank of India allows OTC derivatives trading so long as at least one of the parties in the transaction is regulated by the bank.

What do you mean by over-the-counter exchange?

In financial trading, an over-the-counter market is a market where financial securities are traded through a broker-dealer network as opposed to on a financial exchange, which is known as exchange trading and is centralized.

What do you mean by over the counter exchange?

Why is it called over-the-counter?

Over-the-counter medicine is also known as OTC or nonprescription medicine. All these terms refer to medicine that you can buy without a prescription. They are safe and effective when you follow the directions on the label and as directed by your health care professional.

What are the features of over-the-counter market?

Over the Counter Market: Definition and Features

  • Use of Modern technology.
  • Restrictions for other stocks.
  • Minimum issued capital requirements.
  • Restrictions for large companies.
  • Base Capital requirement for members.
  • Computerization of transactions.

Is OTC market regulated in India?

The OTC derivatives markets in India are well regulated by the central bank. The Reserve Bank of India allows OTC derivatives trading so long as at least one of the parties in the transaction is regulated by the bank.