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Question

The OTCEI is a company incorporated under the Companies Act 1956.

A
True
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B
False
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Solution

The correct option is A True
The OTCEI is a company incorporated under the Companies Act 1956. OTCEI was set up to provide small and medium companies an access to capital market for raising finance. OCTCEI is advantageous to the company because it provides methods of raising funds through capital market instruments which are priced fairly.

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