Renewal of Recognition to Uttar Pradesh Stock Exchange Association Limited. - S.O. No.630(E) - SEBI/LE/10396/03 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 29 th May, 2003 S.O. No.630(E).-- The Securities and Exchange Board of India having considered the application for renewal of recognition made under Section 3 of the Securities Contracts (Regulation) Act, 1956 by The Uttar Pradesh Stock Exchange Association Limited having its registered office at 'Padam Towers' 14/113, Civil Lines, Kanpur - 208001 and being satisfied that it would be in the interest of the trade and also in the public interest so to do, hereby grants, in exercise of the powers conferred by Section 4 of the Securities Contracts (Regulation) Act, 1956 renewal of recognition to the said exchange under Section 4 of the said, Act for a further period of one year commencing on 3rd day of June, 2003 and ending on the 2nd day of June, 2004 in respect of contracts in securities subject to the conditions stated herein below or as may be prescribed or imposed hereafter;-- 1. The Exchange shall ensure that every member of the Exchange shall maintain adequate Base Minimum Capital free from any encumbrances whatsoever, before the member are permitted to trade in the Exchange. 2. The Exchange shall set up the trade for trade window and separate window for allowing trades in physical form held by investor. 3. The Exchange shall ensure that all deliveries be effected through clearing house and direct delivery be made to investors' accounts as specified by SEBI. [F. No. SEBI/LE/10396/03] G.N. BAJPAI, Chairman