What is the Over-The-Counter Exchange of India (OTCEI)?
OTCEI is an electronic stock exchange established in 1990 to provide a platform for small- and medium-sized companies to raise capital. It enables transparent, screen-based trading for companies that may not qualify for listing on larger national exchanges.
What types of companies can list on OTCEI?
Only small and medium-sized companies with a minimum issued equity capital of ₹30 lakhs (about $40,000) and a maximum of ₹25 crores (about $3.3 million) are eligible to list. Companies listed on other exchanges cannot be listed on OTCEI and vice versa.
What are the benefits of listing on OTCEI?
OTCEI offers faster settlement, scripless trading, nationwide access, and greater transparency for small and medium enterprises, helping them raise capital efficiently and providing investors with a regulated marketplace.
Trading and Membership
How does trading work on OTCEI?
Trading is conducted electronically without a physical trading floor. Orders are matched automatically via a network of computers, and all transactions are processed digitally.
Who can become a member of OTCEI?
Members must maintain a base capital of ₹4 lakhs (about $5,277) and can act as brokers or market makers. Only sponsor members can introduce companies for listing.
What are market makers on OTCEI?
Market makers are members who ensure liquidity by continuously quoting buy and sell prices for listed securities, helping maintain price stability and efficient trading.
Investor Information
How can investors buy and sell OTCEI-listed securities?
Investors can trade through registered brokers or dealers at OTCEI counters across the country. All transactions are processed electronically, and investors receive counter receipts instead of physical certificates.
Are OTCEI-listed securities available on other exchanges?
No, OTCEI-listed securities are exclusive to OTCEI and cannot be listed or traded on other stock exchanges.
What is the settlement process on OTCEI?
OTCEI offers faster settlement compared to traditional exchanges. For new issues, allotment and trading begin within a month of issue closure.
Compliance and Support
What are the regulatory requirements for OTCEI?
OTCEI operates under the supervision of SEBI and is recognized under the Securities Contracts Regulation Act. It follows strict compliance, AML/KYC, and cybersecurity protocols.
Where can I get support for OTCEI-related queries?
You can contact the OTCEI Help Center or reach out via phone, email, or live chat for assistance with trading, compliance, or technical issues.
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