Question

What is the OTCEI?

Answer 1

The OTCEI (over the counter exchange of India) is a company incorporated under the Companies Act 1956. Over the counter market may be defined as a place where buyers seek sellers and vice-versa and then attempt to arrange terms and conditions for purchase/sale acceptable to both the parties. There is no particular market place in the geographical sense and it is a negotiated market place that exists anywhere as opposed to the auction market place, represented by the activity on securities exchanges.