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Question

What is the OTCEI?


Solution

The OTCEI is a company incorporated under the Companies Act 1956, to provide access to small and medium companies to capital market for raising funds. It provides an efficient and transparent avenue for capital market investment. It provides a fully electronic, single window and transparent system for securities exchange. Basically, it is a place where buyers seek sellers and vice-versa in order to negotiate the terms and conditions for sale/purchase of securities.

In the OTC exchange, a buyer/seller walks on its counter, taps on the computer screen finds quotes and attempt to finalise a deal. Thus, there is no fixed geographical area for its operations, providing a simplified process of dealing in securities in an easy and economical way. However, the OTCEI has now been withdrawn.

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