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of <h1>SEBI Renews Uttar Pradesh Stock Exchange Recognition for One Year; New Conditions for Trade and Delivery Applied.</h1> The Securities and Exchange Board of India (SEBI) has renewed the recognition of the Uttar Pradesh Stock Exchange Association Limited for one year, from June 3, 2003, to June 2, 2004. This decision, made under the Securities Contracts (Regulation) Act, 1956, is deemed beneficial for trade and public interest. Conditions for renewal include ensuring members maintain adequate Base Minimum Capital, establishing a 'trade for trade' window and a separate window for physical trades, and ensuring all deliveries are processed through a clearinghouse with direct delivery to investors' accounts as specified by SEBI.
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