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Abstract
A well structured market ensures easy and quick marketability to the securities which imparts liquidity too. The Over - the-counter (OTC) market is one of the multitier markets to suit and benefit the securities.
To assist in efficient capital formation by developing a vibrant, dynamic and self-regulated capital market conferring benefits to the investor, issuers, and capital market and nation at large. To prevailing structural weaknesses in the securities markets in India and Malpractices rampant in primary and secondary committeemarkets,drastic reforms are long overdue.