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What Is The OTC
Over The Counter (OTC) is a new facility of Chittagong Stock Exchange for the issuers, investors, capital market and the nation at large, to assist in efficient capital formation by developing vibrant, dynamic and self regulated capital market.
Why OTC
OTC has been established with a specific mandate to service small & medium
innovative and high growth enterprises, in raising resources efficiently through
the capital market.
Benefits of Listing in the OTC
- Companies with small and medium paid-up capital get opportunity of trading
their shares in Stock Exchange
- Favourable issue cost for entrepreneurs
- Enhanced visibility through national exposure
- Improved investment opportunities for growth sector enterprises
- Zero percent interest finance for Entrepreneurs
- Provides a source of valuation of securities
Which Companies Are Eligible For OTC Facilities
Unlisted company
(A public limited company issued securities but not offered for public subscription
is an unlisted securities)
If your company is a unlisted company and meets up the following criteria
then it is eligible for OTC facilities
- Paid-up capital at least taka Ten million
- Regularly holding its AGM
- No accumulated loss
De-listed company
- Companies de-listed from CSE and/or DSE
How To Apply For Registration In The OTC
- Apply in prescribed Form A
- Enclosed necessary documents and Undertaking in 100.00 taka stamp paper
with the application form as prescribed by the Exchange.
- Submission of all documents as required by the Board of the Exchange
However as per SEC's directive no SEC/CMRRCD/2001-16/168 dated 1st October
2009 Chittagong Stock Exchange Ltd. is providing OTC facilities for transaction
of those "Z" category securities trading of which were under suspension or halted.
