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features of OTCEI 1. nationwide trading2. ringless trading3. compulsory investor registration4. transparent trading5. Please see the related links for an explanation of OTCEI. 3. Features of OTCEI Ringless and Screen-based Trading The OTCEI was the first stock exchange to introduce automated,screen-based trading in place.

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The minimum Base Capital is Rs. The Exchange is empowered to appoint the applicant as a Dealer in accordance with the rules it may frame from time to time, in this regard. For overseeing implementation of this code, an Ethics Committee shall be constituted by every exchange under the respective Governing Board.

OTCEI: Concept and Advantages | India | Financial Management

The required period of notice in this case shall be decided functuons time to time by the Exchange. Margin to be Held by the Exchange. Further no amount will be released from the earmarked account to the awardee till a confirmation is obtained from the members to the effect that no appeal has been filed by them.

The Default Committee shall entertain the claim of a Member against a representative member declared as defaulter in respect of loss incurred by it, by reason of the failure of the constituents introduced by such defaulter to fulfill their obligation arising out of transactions in securities, dealings in which are permitted on the Exchange and made subject to the Rules, Bye-laws and Regulations of OTC Exchange, provided the defaulter was duly registered as a representative member working with such creditor member.

Accounts Of Fo Committee. Members shall also be entitled to act as Representatives on behalf of other Members. BSE is a very active stock exchange with highest number otci listed securities in India. The market makers continually analyze companies and provide information about them to their investors, thus helping investors to make an fundtions investment decision. Payment To Default Committee.

For the purposes of this clause, an amount payable by a Member shall also include all amounts payable by a Member for short delivery by him and these shall be deemed to be amounts payable by the Member in respect of transaction s entered into by him.

When you describe the features of a computer you can explain whateach component does. To help you evaluate a digital image, histogram is what you need. The existing stock exchanges were insufficient in infrastructure facilities to cope up with the new situation. The OTC Committee shall be bound and obliged to carry out and implement any directives issued by the Board from time to time and shall be bound to comply with all conditions of delegation and limitations on the powers of the OTC Committee as may be prescribed.


If he fails to abide by the arbitration award as laid down under the Bye-laws and rules of the Exchange; or. Those having proper infrastructural facilities like telephone, computers, telex, fax, office space and other networks would also be given due weightage and preference. A registered Market Maker shall not commence making market in any security until one business day after notice of its registration has been disseminated through the quotation system.

The Exchange shall clear and settle the trades on a sequential basis i.

What is the role of OTCEI

Role conflict and role ambiguity? Allocation of the contribution or deposit. The expelled Member shall be bound to fulfill transactions outstanding at the time of his expulsion and it may with the permission of the OTC Committee close such outstanding transactions with or through the Member.

The Arbitration Committee will be adjudicating disputes between Members and between Members and non-Members. The critic and innovator role is applied to minor parties in politics.

Production and Delivery of securities and documents. Recommendations of the Selection Committee.

The transferee entity shall be admitted as Member on the Exchange only after fulfilling the prescribed selection criteria and compliance with all relevant requirements of the Securities Contracts Regulation Act, and Rules thereunder, provisions of the Companies Act.

Every member shall remit to the Exchange, the Securities Transaction Tax in respect of the taxable securities transactions entered into by him as purchaser on the Exchange either on his own or on behalf of his Constituents in accordance with the procedures prescribed by the relevant authority from time to time and subject to the provisions of Income Tax Act, and the Securities Transaction Tax Rules, In case of all claims whether admitted or notdifferences and disputes arising out of or in relation to all deals referred to in sub-clause a above, the parties concerned shall be deemed to have agreed that they are subject to arbitration in accordance with the provisions relating functiins arbitration funcions in these Bye-laws, Rules and Regulations and that they are subject to the jurisdiction of the courts in Mumbai.

The Arbitration Committee shall make their award within fumctions time as prescribed by the Exchange after entering on the reference or after having been called upon to act by notice in writing from any party or within such extended time as it may fix with the consent of the parties to the reference or as the Exchange may allow.


OTC Exchange will create a nationwide network, where investors will be serviced who will form the captive investor base for companies. Whenever an award directs that certain acts or things be done by the parties to the reference and a party fails to comply with such direction, the other party may enforce the same as if it were a decree of the Court.

OTCEI: Concept and Advantages | India | Financial Management

The screen provides entire market information at the press of a orcei. Listing Conditions and Requirements. Failure by a listed company to transfer shares within the stipulated period. Dealings effected before or after the hours of trading sessions shall not be taken cognizance of by the Exchange.

The expulsion shall not affect the rights of the Members who are creditors of the expelled Members. A Member may be declared a defaulter if it fails to meet an obligation to a Member or non-Member arising out of an Exchange transaction.

OTC Exchange of India

All claims whether admitted or notdifferences and disputes between a Member and a Non-Member s or Members inter se arising out of or in relation to any bargains, dealings, transactions made subject to the Bye-laws and Rules of the Exchange or any question or dispute as to whether such bargains, dealings, transactions, contracts have been entered into or not funcitons with reference to anything incidental thereat or in pursuance thereof or relating to their construction, fulfillment or validity or relating to the rights, obligations and liabilities of authorised otceo, employees or any other person s with whom the Member shares brokerage in relating to such dealings, transactions and contracts shall be subject to arbitration and referred to and decided by the Arbitration Committee.

A Dealer desirous of transferring the Dealership of the Exchange by way of sale shall make an application to that effect to the Exchange alongwith such fees, deposits, processing charges, transfer charges and other monies in such form and in such manner as may be specified by the Exchange from time to time, subject to the criteria, terms and conditions prescribed by the Exchange from time to time. The Indian capital market has witnessed sweeping changes over the last few years.

Members responsibility for partners, agents and employees.