Uttar Pradesh Stock Association

Register with the UP Stock Association’s SME platform by August 31, 2024, to access tax rebates under Section 80JJAA of the Income Tax Act. Late submissions risk losing a 15% capital gains exemption for FY 2024-25.

Core Sectors for Immediate Investment

High-Growth Industries

• Renewable energy (solar equipment manufacturing in Noida, Gorakhpur)
• Agro-processing (cold storage units in Meerut, Lucknow)
• Textile machinery (Kanpur, Moradabad hubs)

Tax Incentives

• 5-year GST waiver for new SMEs in Tier-3 districts
• ₹2.5 lakh subsidy for MSME certifications (UDYAM, ISO 9001)

Compliance Requirements

1. Submit audited financials by March 31 annually via upsaonlineportal.gov.in.
2. Maintain 51% local shareholding for eligibility in state tenders.
3. File trade licenses with UP Chamber of Commerce and SEBI.

Resources and Contacts

UP Stock Association Help Desk: +91-522-4096000 (7 AM–8 PM IST)

Download accreditation forms: www.upsa.gov.in/downloads

Firms violating UP Securities Regulation 2022 face penalties up to ₹5 lakh or 12-month trading suspensions. Consult Vyapaar Legal Services (contact@vyapaarleagal.in) for compliance audits.

Investing in State-Backed Infrastructure Bonds through Uttar Pradesh Stock Exchange

State-backed infrastructure bonds on the Uttar Pradesh Stock Exchange (UPSE) offer fixed annual returns of 7.5% with a 5-year lock-in period, exempt under Section 80C of the Income Tax Act. Investors seeking stable, tax-efficient yields should allocate 10-15% of their portfolio to these bonds, prioritizing projects like metro expansions, solar parks, and rural electrification.

Steps to Purchase:

• Open a UPSE trading account with KYC-compliant documents (PAN, Aadhaar).
• Monitor bond issuances via UPSE’s quarterly auction calendar (next release: October 15, 2023).
• Bid electronically through the UPSE portal; minimum investment ₹10,000, with increments of ₹5,000.

Key Metrics:

• FY 2023-24 allocation: ₹22,000 crore for state infrastructure projects.
• Historical default rate: 0% since 2018 (backed by state government guarantees).
• Average secondary market liquidity: 85% of face value within 3 years.

Early redemption penalties apply (2% before year 3). Coupon payments occur quarterly via Direct Benefit Transfer. Track project progress through UPSE’s Infrastructure Bond Dashboard, updated biweekly with construction milestones and fund utilization data.

Retail investors receive priority allotment for 35% of each issuance. Verify bond authenticity using UPSE’s QR-based certificate validation system. Submit applications before 3 PM on auction days to avoid settlement delays. Non-resident Indians must link NRE/NRO accounts and comply with RBI’s FEMA guidelines.