U.P. Stock and Capital Limited
(Formerly U.P. Stock Exchange Limited)
U.P. Stock and Capital Limited (UPSCL) was incorporated on 15th November 1979 as Public Limited Company registered under the Companies Act, 1956 with the name of "The Uttar Pradesh Stock Exchange Association Limited". On 3rd June 1982 the company got recognition as Stock Exchange from the Central Government to carry out the functions of Stock Exchange under the Securities Contract (Regulations) Act, 1956.
The name of The Uttar Pradesh Stock Exchange Association Limited was changed to U.P. Stock Exchange Limited on 9th December 2009.
The company remained as a recognized Stock Exchange till 2015 as per SEBI guidelines. The company has exited from Stock Exchange business as per SEBI Exit order dated 9th June 2015 and the name of the company was changed to U.P. Stock and Capital Limited on 30th September 2015.
As per the new Memorandum and Articles of Association of the Company, the company is governing by the Board of Directors comprising 7 Directors, elected from the Shareholders of the Company. The major source of income is from rent and investments.
The Company has 100% owned subsidiary, namely, Unlock Wealth Securities Limited (formerly known as UPSE Securities Limited), which is a Member of BSE Limited, National Stock Exchange of India Limited and Metropolitan Stock Exchange of India Limited and Depository Participant of Central Depository Services (India) Limited, providing trading platform to the investors through its Authorized Persons.