The director of a newly established company having paid up equity share capital of 25 crores desires to get its shares traded at all India Level Stock exchange. As finance manager of the company. Suggest the name of stock exchange for the purpose. Give any 3 reasons in support of your answer.

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Solution

The company should get its share listed at OTCEI The main features of OTCEI are the following:

1) Nation-wide listing: Listing on one exchange one can have transactions with all the counters in the whole country.

2) Exclusive list of companies: On the OTCEI only those companics are listed whose issued capital is 30 Lakh or more.

3) Investor's registration: All the investor doing transactions on the OTCE have got to register themselves compulsorily.

4) Transparency in transactions: All the transactions are done in the presence of the investor. The rates of buying and selling can be seen on the computer screen,

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