OTCEI. Introduction . Over the counter exchange of India was started in 1992 after the role models of NASDAQ(national association of securities dealers automated quotation) and JASDAQ.
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5. The listing application has to be made to the OTCEI as per its rules and regulations.
6. After getting the approval the allotment is made.
Once the deal is struck, it is entered into computer. To confirm the transaction on line message appears on screen.
The market maker can apply for termination of duty only if the scrip sponsored has incurred cash loss for three years or if the company is insolvent or the company’s prospects are bleak.