OTCEI listing exemptions require sponsor backing and market makers, with promoter retention, lock-in and continued listing obligations. OTCEI listings may be exempt from general eligibility norms if sponsored by an OTCEI member and if the issuer appoints at least two market makers; Bought Out Deal offers registered with OTCEI may also obtain such exemption, subject to OTCEI listing criteria and a mandatory minimum period during which securities cannot be delisted. Pricing exemptions for registered Bought Out Deal offers require promoter retention of a specified portion of issued capital under a lock-in and adherence to OTCEI market making guidelines. Projections in offer documents may rely on sponsor appraisals when the sponsor undertakes market making, subject to existing projection conditions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
OTCEI listing exemptions require sponsor backing and market makers, with promoter retention, lock-in and continued listing obligations.
OTCEI listings may be exempt from general eligibility norms if sponsored by an OTCEI member and if the issuer appoints at least two market makers; Bought Out Deal offers registered with OTCEI may also obtain such exemption, subject to OTCEI listing criteria and a mandatory minimum period during which securities cannot be delisted. Pricing exemptions for registered Bought Out Deal offers require promoter retention of a specified portion of issued capital under a lock-in and adherence to OTCEI market making guidelines. Projections in offer documents may rely on sponsor appraisals when the sponsor undertakes market making, subject to existing projection conditions.
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