United Credit Limited ( UCL), formerly known as United India Credit and Development Company Limited (UCDCL) was incorporated in 1970. The Company's name was changed to United Credit Limited, and a fresh Certificate of Incorporation, was obtained on 1st January 1981. UCL is the successor to the erstwhile United Bank of India Limited (UBIL). Consequent to nationalisation of the banking sector, the undertaking of UBIL became vested in the corresponding new bank, United Bank of India, and, by way of a scheme of amalgamation approved by the Hon'ble High Court at Calcutta, UBIL was merged with UCDCL, and, the assets and liabilities of United Bank of India Limited were acquired by UCDCL. Full particulars of the allotment of equity shares and debentures on nationalisation, are given hereunder :- i. For every Rs.10/- paid up, in the capital of United Bank of India Limited, one fully paid up equity share of Rs.5/- and one fully subscribed debenture of Rs.5/- were alloted to the shareholders of the transferor company. ii. Debentures of Rs.5/- each were convertible into fully paid up equity shares of Rs.5/- each at the option of the holders of such debentures, to be exercised by them after the 12th year, from the date of issue, and, before expiry of th 15th year from date of such issue. Such debentures as may not have been converted into shares within the stipulated period, will be redeemed on payment of the principal monies and interest thereon, on the last day of the 30th year from the date of issue of the said debentures. This was modified by a special resolution passed in the meeting of the debentureholders held on 29th November, 1980, wherein it was decided, that the option shall be exercisable, by the holders of the debentures, after the 20th year but before the expiry of 23rd year, from the date of issue, and, at the same meeting, the rate of interest was increased from 9% to 11% with retrospective effect from 1St July, 1980. 2004 -Board recommends dividend of 15%. 2008 - E-mail ID for Investors Complaints:unitedcredit@vsnl.com. 2010 -United Credit recommended payment of dividend @ 10% on equity shares of Rs. 10/- each. 2011 -United Credit Dividend recommended on equity shares : 7.5% on equity share of Rs..10/- each. 2014 -United Credit appointed Mrs. Rashmi Vijaykaran Dabriwal as Additional Director of the Company.