This trust deed of UPSPSET was executed on 29th April, 2000 by Uttar Pradesh Power Corporation Limited (hereinafter referred to as “UPPCL”) having its registered office at Shakti Bhawan, 14 Ashok Marg, Lucknow through its Chairman cum Managing Director, Shri Harish Chandra Gupta, Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (Hereinafter Referred to as “UPRVUNL” having its registered office at 4-B, Gokhle Marg, Lucknow through its Chairman cum Managing Director, Shri Ranvir Singh and Uttar Pradesh Jal Vidyut Nigam Limited (Hereinafter Referred to as “UPJVNL” having its registered office at 12th floor, Vikas Deep. 22- Station Rode Lucknow through its Chairman cum Managing Director, Shri Sheo Narain Agarwal, all companies with limited liability incorporated under the Companies Act, 1956 (Hereinafter Referred to as the “Corporations”)
Whereas it is considered necessary to have a General Provident Fund, Gratuity Fund and Pension Fund for the benefit to the employees, namely all persons who were working with Uttar Pradesh State Electricity Board (Hereinafter “UPSEB”) and who stand transferred to the Corporations on January 14, 2000 in terms of the Uttar Pradesh Electricity Reforms Transferred Scheme, 2000 and also who are the existing pensioners and beneficiaries of terminal benefit from UPSEB as on January 14, 2000 (Hereinafter Referred to as ‘Employees’), but excluding persons appointed on deputation in erstwhile UPSEB.