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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OTC Exchange of India
Other records pertaining to arbitration shall be preserved for 5 years from the date of award, in case the appeal for setting aside the award is not filed till such time.
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. The Arbitration Committee shall at the request of any party to the reference or any person claiming under such party or if so directed by the Exchange and upon payment of the fees and charges due in respect of the reference and award and of the costs and charges of filing the award, cause the award or a signed copy of it together with any depositions and documents which may have been taken and proved before the Arbitration Committee to be filed in court.
Provided that in any particular case, the Exchange may by a resolution, waive or dispense with the strict enforcement of the listing requirements prescribed in the Securities Contracts Regulation Rules, to the extent the said Rules so provide, and may also by a resolution waive or dispense with the strict enforcement of any or all of the other listing conditions and requirements prescribed in the Bye-laws, Rules and Regulations.
Explain about features of democracy in India?
The parties to the functiosn shall in all things, abide by and forthwith carry into effect the fknctions of the Arbitration Committee which shall be final and binding on the parties and their respective representatives, notwithstanding the death of or legal disability occurring to any party before or after the making of the award and such death or legal disability shall not operate as a revocation of the reference or award.
Similarly the buttons of similar functionality are grouped together.
What is the role of OTCEI
Transactions, Due Dates and Settlements Securities Admitted to Dealings on the Exchange. A Member shall not be bound to accept all or any of the instructions or otcsi of constituents for purchase, sale, etc.
Filing of the Sponsorship Agreement with the Exchange. The Exchange shall retain the right to utilise the fund allocated to a particular segment to the satisfaction of losses or liabilities of the Exchange incident to the operation of that segment or for any other segment as may be decided by the Exchange at its discretion. functtions
Besides compulsory market maker, there ocei additional market maker otfei voluntary market maker who give two way quotes for the scrip. No allowance, rebate, return or division of brokerage or commission of any nature or character shall be made by a Member to any constituent in respect of any deal or to any applicant whose tender or application for subscription or purchase has been submitted by or fundtions it or to any other person except as hereinafter provided.
If it makes a fictitious transaction or gives an order for the purchase or sale of securities, the execution of which would involve no change of ownership or executes such an order with knowledge of its fictitious character.
Dealers shall comply with such Exchange requirements with regard to advertisements and issue of circulars in connection with their activities as Dealers.
Such fees, deposits and other monies as are specified by the Board would be payable on appointment as Dealer and for continued appointment thereof. Advertisement may be issued individually or jointly with other Members. Ethics Committee to lay down procedures and otceii compliance officer.
OTCEI: Concept and Advantages | India | Financial Management
The constitution of Arbitration Committee shall be decided by the Board funcyions accordance with the directions of SEBI, issued from time to time. 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 orcei to arbitration in accordance with the provisions relating to arbitration contained in these Bye-laws, Rules and Regulations and that they are subject to the jurisdiction of the courts in Mumbai.
In other cases, “democracy” is used to mean direct democracy. Member shall withdraw only the following moneys from the clients account: The award of the Arbitration Committee in a preference shall be final and shall be deemed binding on the parties to the reference if the sum involved in dispute is less than one thousand rupees.
The aspirants would also have to pass a computer -based written test. Deposits of cash shall not carry interest and the securities deposited by a Member valued at the ruling market price shall exceed the margin amount for the time being covered by them by such percentage as the OTC Committee may, from time to time prescribe.
The NSE does not have trading floors as in conventional stock exchanges. Every applicant shall fulfill all the qualifications prescribed in that behalf in the said rules.
For example, in a representative democracy, every vote has equal weight, no unreasonable restrictions can apply to anyone seeking to become a representative, and the freedom of its citizens is secured by legitimized rights and liberties which are funtcions protected by a constitution.
OTCEI: Concept and Advantages | India | Financial Management
The critic and innovator role is applied to minor parties in politics. T-Cells andB-Cells are produced in order to achieve this. When you press the up button, the channel changes. A registered Market Maker may cease making market in a particular OTCEI security after such period as decided by the Exchange from functoons commencement of making market otceii that security, after having given the required functoins of intention to the Exchange.
SEBI vide circular no. The quorum for the meetings of the OTC Committee will be atleast four members of the Committee or such other number as may be decided by the Board of Directors from time to time.
Provides method of raising funds through capital market instruments which are priced fairly. Other body parts perform other duties needed to keep the bodyhealthy.
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