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Definition of OTCEI. Over The Counter Exchange of India (OTCEI) can be defined as a stock exchange without a proper trading floor. All stock exchange have a . The multi-tier securities exchange model was adopted in our country in October with the establishment of the Over the Counter Exchange of India (OTCEI). The object of the OTCEI “is to provide an alternate market for the securities of smaller companies, public-sector companies, closely-held companies desirous of listing, etc.
Besides, PTI OTC scan is available to each dealer which displays the best bids and offers of the market makers in respect of each scrip. The exact transaction price alongwith other details is also displayed in the counter computer. It is a tradeable document and hence must be preserved carefully. It is akin to a share certificate so far as its contents are concerned; b Sale Confirmation Slip SCS which is passed on to the seller when a deal is made. The seller also must preserve it carefully since he gets the payment against this slip later on.
Listing may be obtained by i Companies with issued equity capital between Rs. Before recommending a company for enlistment, such members have to carry out the appraisal of the project to ensure its technological and financial viability. They also ensure that all government rules and regulations have been complied with. They are required to clarify the investment worthiness of the company and its project. Finally, they would value the shares of the company, comply with SEBI guidelines for the issue of securities and manage the public issue.
The minimum post- issue capital to be offered to the public to enable listing was lowered from 40 per cent to 25 per cent. The minimum issued capital was increased from Rs. Further, a three-year track record of profitability was made compulsory before listing takes place.
The new guidelines also state that the OTCEI- sponsor of these companies should hold at least 10 per cent of the public offer as market making inventory as against 5 per cent for other companies. The revised guideline did away with the requirement of making an offer for sale of the entire bought-out deal to the public, except the market making inventory.
The offered can now offer a minimum of 25 per cent of the bought-out deal to the public. These guidelines came into effect from 22 January and were made applicable to all the bought-out deals registered with SEBI and the offer documents for offers for sale which were awaiting SEBI clearance.
Briefly, the new guidelines issued by SEBI stated that any company wanting to make a public issue should have a track record of dividend payment for at least three in the immediately preceding five years before the making public issue. If companies do not satisfy this requirement, then they must at least get their project appraised by a financial institution or a nationalised bank which would participate in the public issue to an extent of at least 10 per cent of the total project outlay.
Dave on 17 April On the recommendations of the Committee, SEBI has made the eligibility criteria for companies desirous of making a public issue very stringent. The companies unable to make a public issue as a consequence of these guidelines be allowed to seek listing on the OTCEI, albeit with some checks. Currently, only those companies which have a track record of dividend payment of three years out of the immediately preceding five years can make a public issue.
If the company does not have such a teach record, then the project for which the company is entering the capital market needs to be appraised by a financial institution or a nationalised bank.
This story about the king forgiving Handel is probably not true. George would have known that Queen Anne was about to die and he would become King of Great Britain and therefore Handel's master again. In Handel moved into a newly built house in 25 Brook Street, London, which he rented until his death in , 35 years later. The house is now called Handel House Museum  and is open to the public. It was here that Handel composed some of his most famous music such as Messiah , Zadok the Priest , and Fireworks Music.
In Handel's opera Scipio Scipio was performed for the first time. The march from this work is now the regimental slow march of the British Grenadier Guards.
In the next year he took on British nationality. One of these, Zadok the Priest , has been sung at every coronation ceremony since. Handel spent most of his time working on operas. From he was director of the Royal Academy of Music. It had nothing to do with the academy which is called the Royal Academy of Music today where young students study music.
Handel also worked in the management of the King's Theatres and many of his operas were performed in the Royal Opera House at Covent Garden. He sometimes travelled to Italy to find new Italian singers and persuade them to come to London. In spite of everything Handel was doing for opera he had many enemies as well as friends.
There was a lot of rivalry, especially with a composer called Bononcini whose music is forgotten today. Handel gave up operatic management in , after he had lost a lot of money in the business.
In April , age 54, he had a stroke. It was probably this which left his right arm paralysed for a while so that he could not perform, but he made an excellent recovery after six weeks at a health spa in Aix-la-Chapelle.
In his oratorio Messiah was first performed in Dublin. Surprisingly, it was not successful in London until when it was performed in aid of the Foundling Hospital Chapel. Handel spent most of his time in these later years composing and producing oratorios.
Judas Maccabaeus was particularly popular. The singers for these oratorios were English and Italian. They were not world-famous virtuosos but singers whom Handel had trained himself. In August, , on a journey back from Germany to London, Handel was seriously injured when his carriage overturned. In he started to lose his eyesight.
He died, in , in London. The last concert he went to was his own Messiah. More than 3, mourners went to his funeral. He was buried with full state honours in Westminster Abbey.
Handel never married, and kept his personal life very private. He also left some of it to friends, servants , relations and charities. His autographs the original copies of the music that he wrote are now mostly in the British Museum. Handel adopted the spelling "George Frideric Handel" on his naturalization as a British subject, and this spelling is generally used in English speaking countries.
The original form of his name Georg Friedrich Händel is usually used in Germany, but he is known as "Haendel" in France. There was another composer with a similar name, Handl, who was a Slovene and is more commonly known as Jacobus Gallus.
This can be very hard for cataloguers people trying to make a list of his music . From Wikipedia, the free encyclopedia. Archived from the original on Check date values in: Retrieved from " https: Views Read Change Change source View history. In other projects Wikimedia Commons. This page was last changed on 7 November , at
The soloists sing about the story of Christ.
His most famous work, the oratorio Messiah with its "Hallelujah" chorus, is among the most popular works in choral music and has become the centrepiece of the Christmas season. He first wrote some variations on the theme, which he titled Variations on Handel's 'The Harmonious Blacksmith'.