The membership of the stock exchange entitles a company to transact the business in the listed securities. Only representatives can enter the floor of the stock exchange to transact the business. In Kenya a member is required to pay certain fees in the form of entrance fee, membership deposit and annual subscription. The company is required to obtain license from the Capital Market Authority. Nairobi Stock Exchange (NSE) in Kenya is still small and somewhat speculative, currently only about 50 companies are quoted as there are some restrictions for the listing of the companies in the Continue reading ...
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