OTC Exchange of India

OTC Exchange of India
Type	Stock Exchange
Location	Mumbai, India
Founded	1990
Owner	OTC Exchange of India
Key people	Mr Praveen Mohnot, MD[1][2]
Currency	Indian rupee ()
Website	Official Website

OTC Exchange Of India (OTCEI) also known as Over-the-Counter Exchange of India based in Mumbai, Maharashtra.It is the first exchange for small companies.^[3] It is the first screen based nationwide stock exchange in India.^[4] It was set up to access high-technology enterprising promoters in raising finance for new product development in a cost effective manner and to provide transparent and efficient trading system to the investors.^[5]

OTCEI is promoted by the Unit Trust of India, the Industrial Credit and Investment Corporation of India, the Industrial Development Bank of India, the Industrial Finance Corporation of India and others and is a recognised stock exchange under the SCR Act.

History

OTC Exchange Of India was founded in 1990 under the Companies Act 1956 and got recognized by the Securities Contracts Regulation Act, 1956 as a stock exchange.^[6]

Reference

1. ^ "Building OTCEI to be the `Nasdaq of India'". Thehindubusinessline.com. http://www.thehindubusinessline.com/2001/01/12/stories/021262pq.htm. Retrieved 2010-10-15. 
2. ^ "OTCEI plans growth equity market for VCFs". Thehindubusinessline.com. 2001-01-12. http://www.thehindubusinessline.com/2001/01/12/stories/021218pb.htm. Retrieved 2010-10-15. 
3. ^ "NSE starts discussions for SME exchange". Business-standard.com. 2009-12-17. http://www.business-standard.com/india/news/nse-starts-discussions-for-sme-exchange/379772/. Retrieved 2010-10-15. 
4. ^ "OTC Exchange of India,OTC Stock Exchange of India,OTC Stock Market of India,OTC Exchange Market of India". Surfindia.com. http://www.surfindia.com/finance/otc-exchange-india.html. Retrieved 2010-10-15. 
5. ^ "OTC Exchange chalks out revival plan". Financialexpress.com. 1999-09-18. http://www.financialexpress.com/old/fe/daily/19990918/fma18029.html. Retrieved 2010-10-15. 
6. ^ "General Information - OTCEI - India Finance & Investment Guide". Finance.indiamart.com. http://finance.indiamart.com/india_business_information/otcei.html. Retrieved 2010-10-15. 

External links

• Official website

This article about stock exchanges is a stub. You can help Wikipedia by expanding it.v · Categories: Stock exchanges in India Companies based in Mumbai Companies established in 1990 Economy of Mumbai Stock exchange stubs Wikimedia Foundation. 2010. Игры ⚽ Поможем сделать НИР Over the counter counseling OTC Tool Company Look at other dictionaries: Over-The-Counter Exchange Of India - OTCEI — An electronic stock exchange based in India that is comprised of small and medium sized firms looking to gain access to the capital markets. Like electronic exchanges in the U.S. such as the Nasdaq, there is no central place of exchange and all… …   Investment dictionary Futures exchange — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia Beirut Stock Exchange — Type Stock Exchange Location Beirut, Lebanon Coordinates …   Wikipedia Foreign exchange market — Forex redirects here. For the football club, see FC Forex Braşov. Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange… …   Wikipedia Money market in India — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia Список Южно-Азиатских фондовых бирж — Южная Азия, включая Афганистан и Иран Это список Южно Азиатских фондовых бирж. Южная Азия состоит из следующих стран: Бангладеш Бутан Индия Мальдивы Непал Пакистан Шри Ланка Британская территория в Индийском океане и иногда относят: Афганистан… …   Википедия List of stock exchanges — This is an active list of stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and the list of futures exchanges.Africa: see List of African stock exchanges for… …   Wikipedia Список южноазиатских фондовых бирж — Южная Азия, включая Афганистан и Иран Это список южноазиатских фондовых бирж. Южная Азия состоит из следующих стран: Бангладеш Бу …   Википедия Список фондовых бирж — Содержание 1 Африка 1.1 Ботсвана 1.2 Камерун …   Википедия Newedge Group — Type S.A. Corporation Industry Finance Founded January 1, 2008 Headquarters Paris, France …   Wikipedia 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”