LIST
OF UTTAR PRADESH STOCK EXCHANGE OF INDIA LISTED COMPANIES SHIFTED TO
DISSEMINATION BOARD (I.E DASH BOARD)
The UP Stock Exchange Limited (Formerly known as The U.P.Stock Exchange
Association Ltd., Kanpur), is a Kanpur-based stock exchange. UP Stock exchange was incorporated in Year
1982.UPSE Securities Limited is a wholly
owned subsidiary of U.P Stock & Capital Limited (i.e UP Stock Exchange)
since 2000.UPSE Securities Limited obtained the Trading Membership of
Bombay Stock Exchange (BSE) and commenced On-line trading on BSE (BOLT) with
effect from 29.01.2001.Thus UPSE Securities was formed to obtain Trading
Membership and provide Trading facilities on the exchange.
With SEBI (I.E Securities and Exchange Board
of India) circular No. CIR/ MRD/ DSA/ 14/ 2012 dated 30th May, 2012 all the
regional stock exchanges was closed down. All the Regional Stock Exchanges were
provided an exit option to the de-recognised stock exchanges and recognised
stock exchanges seeking voluntary surrender of recognition ("exiting
RSEs") as per the SEBI order. Companies listed exclusively on exiting or
de-recognised RSEs will be required to seek listing on atleast any other RSE
that is not seeking de-recognition and exit in terms of the aforesaid SEBI Circular.
As per the aforesaid SEBI Circular, companies failing to list on any other RSE,
such companies will be treated as an unlisted company and shall be moved to
Dissemination Board (DB) by such exiting or de-recognised RSE.
(Read full
order of SEBI - SEBI ORDER ON REGIONAL EXCHANGES)
SEBI has directed all exchanges that do not
possess a trading platform with an annual turnover of at least ₹1,000 crore and
a net worth of ₹100 crore, and that do not have a tie-up with a clearing
corporation, to exit. On
de-recognition of UP Stock Exchange in 2015, SEBI registration certificates as
Trading Members of Exchange stand cancelled. However, SEBI registration
certificates of the Trading Members as Sub-Brokers of UPSE Securities Limited
on NSE and/ or BSE shall continue to be valid. All the Investors of Sub-Brokers
shall continue to trade through UPSE Securities Limited and avail DP Services
without any interruption.
UP Stock Exchange had many valuable and noteworthy companies with strong
financial background and management control. Some of these UPSE listed
companies got listed on national wide stock exchanges i.e BSE(Bombay Stock Exchange),
NSE(National Stock Exchange), Metropolitan Stock Exchange or Kolkata Stock
Exchange. Many companies have also come out with buy back offer for their
shareholders to provide them liquidity option.
ADVANTAGES TO SHAREHOLDERS: De-recognized/ regional/ dash board companies
are more beneficial source of investment since these companies have to be
compulsorily come out with either buy back ie exit offer for investors or list
themselves on recognized national level exchanges. Thus
Investors have a good opportunities to be the part of valuable stock on such
exchanges and get a short term exit route. SEBI has been receiving representations seeking
clarifications on raising of further capital and the process of exit of ELCs
from the DB. Therefore, in the interest of the investors of such ELCs, it is
decided to extend the time to submit the
plan of action till June 30, 2017.
List of Uttar Pradesh Stock Exchange of India(i.e UPSE) Listed Companies
For
buying and selling any unquoted / unlisted / delisted or suspended shares in
physical or demat you can reach us at Contact No.91+ 09215709100 or Email us on
mittalmanish2003@gmail.com
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