v). Members are requested to notify immediately any change of address and other relevant correspondence including NECS/ECS/NEFT/RTGS details and submission of Permanent Account Number (PAN) a. to their Depository Participants (DPs) in respect of their electronic share accounts; and b. to the Company at its registered off ice or the Registrar & Transfer Agent, M/s KFin Technologies Limited (Selenium Tower B, Plot 3132, Gachibowli, Financial District, Nanakramguda, Hyderabad-500032) in respect of their physical shares, if any, quoting their folio number, Banker ’s name and account number to ensure prompt and safe receipt of dividend warrants vi). Manner of registering mandate for receiving Dividend: a) with their Depository Participant(s) with whom they maintain their demat accounts if shares are held in dematerialised mode by submitting the requisite documents, and b) with the Company/KFinTech by clicking on https:// ris.kfi ntech.com/form15 or by emailing at hfl @ heritagefoods.in or einward.ris@kfi ntech.com, if shares are held in physical mode, by submitting scanned copy of the (i) signed request letter which shall contain member ’s name, folio number, bank details (Bank account number, Bank and Branch Name and address, IFSC, MICR details), (ii) self-attested copy of the PAN card and (iii) cancelled cheque leaf. In case shares are held in dematerialised mode, details in a form prescribed by your Depository Participant may also be required to be furnished. vii. Pursuant to the amendments introduced by the Finance Act, 2020 the Company will be required to withhold taxes at the prescribed rates on the dividend paid to its members w.e.f. April 01, 2020. No tax will be deducted on payment of dividend to the resident individual members if the total dividend paid does not exceed ₹5,000/-, The withholding tax rate would vary depending on the residential status of the member and documents registered with the Company as follows A. RESIDENT MEMBERS: A.1 Tax Deductible at Source for Resident Members Sl No Particulars Withholding tax rate Documents required (if any) 1 Valid PAN updated in the Company’s Register of Members 10% No document required (if no exemption is sought) 2 No PAN/Valid PAN not updated in the Company’s Register of Members 20% No document required (if no exemption is sought) 3 Availability of lower/nil tax deduction certificate issued by Income Tax Department u/s 197 of Income Tax Act, 1961 Rate specified in the certificate Lower tax deduction certificate obtained from Income Tax Authority A.2 No Tax Deductible at Source on dividend payment to resident members if the Members submit and register following documents as mentioned below table with the Company/Kfi ntech Sl No Particulars Withholding tax rate Documents required (if any) 1 Submission of form 15G/15H Nil Declaration in Form No. 15G (applicable to any person other than a company or a firm) / Form 15H (applicable to an Individual who is 60 years and above), fulfilling certain conditions 2 Members to whom section 194 of the Income Tax,1961 does not apply such as LIC, GIC, etc. Nil Documentary evidence that the said provisions are not applicable 3 Member covered u/s 196 of Income Tax Act, 1961such as Government, RBI, corporations established by Central Act & mutual funds Nil Documentary evidence for coverage u/s 196 of Income Tax Act, 1961 4 Category I and II Alternative investment Fund Nil SEBI registration certificate to claim benefit under section 197A(1F) of Income Tax Act, 1961 5 • Recognised provident funds • Approved superannuation fund • Approved gratuity fund Nil Necessary documentary evidence as per Circular No. 18/2017 issued by Central Board of Direct Taxes(CBDT) 6 National Pension Scheme Nil No TDS as per section 197A (1E) of Income Tax Act, 1961 Heritage Foods Limited | 31st Annual report 2022-23 56
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