B. NON-RESIDENT MEMBERS: Withholding tax on dividend payment to non-resident members if the non-resident members submit and register following document as mentioned in the below table with the Company / RTA. Sl No Particulars Withholding tax rate Documents required (if any) 1 Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs) 20% (plus applicable surcharge and cess) FPI registration number / certificate 2 Other Non-resident members 20% (plus applicable surcharge and cess) or tax treaty rate whichever is beneficial To avail beneficial rate of tax treaty following tax documents would be required: i. Tax Residency certificate issued by revenue authority of country of residence of member for the year in which dividend is received ii. PAN iii. Form 10F filled & duly signed iv. Self-declaration for non-existence of permanent establishment/ fixed base in India (Note: Application of beneficial Tax Treaty Rate shall depend upon the completeness of the documents submitted by the Non- Resident member and review to the satisfaction of the Company) 3 Indian Branch of a Foreign Bank NIL Lower tax deduction certificate u/s 195(3) obtained from Income Tax Authority Self-declaration confirming that the income is received on its own account and not on behalf of the Foreign Bank 4 Availability of Lower/NIL tax deduction certificate issued by Income Tax Department u/s 197 of Income Tax Act, 1961 Rate specified in certificate Lower tax deduction certificate obtained from Income Tax Authority Notes: i. The Company will issue soft copy of the TDS certifi cate to its members through email registered with the Company / Kfi ntech post payment of the dividend. Members will be able to download the TDS certifi cate from the Income Tax Department’s website https://incometaxindiaefi ling.gov.in (refer to Form 26AS). ii. The aforesaid documents such as Form 15G/ 15H, documents under section 196, 197A, FPI Registration Certifi cate, Tax Residency Certifi cate, Lower Tax certifi cate etc. can be uploaded on the link https://ris.kfi ntech.com/form15/ on or before July 31, 2023 to enable the Company to determine the appropriate TDS / withholding tax rate applicable. Any communication on the tax determination/deduction received post July 31, 2023 shall not be considered. iii. Application of TDS rate is subject to necessary verifi cation by the Company of the member details as available in Register of Members as on the Record Date and other documents available with the Company / RTA. iv. In case TDS is deducted at a higher rate, an option is still available with the member to fi le the return of income and claim an appropriate refund. v. In the event of any income tax demand (including interest, penalty, etc.) arising from any misrepresentation, inaccuracy or omission of information provided by the Member(s), such Member(s) will be responsible to indemnify the Company and also provide the Company with all information/ documents and co-operation in any appellate proceedings. vi. This Communication is not exhaustive and does not purport to be a complete analysis or listing of all potential tax consequences in the matter of dividend payment. Members should consult their tax advisors for requisite action to be taken by them. 18. IEPF RELATED INFORMATION: Pursuant to the provisions of Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules as amended from time to time, the Company has uploaded the details of unclaimed/ unpaid amounts lying with the Company as on July 29, 2022 (date of the last AGM) on the website of the Company (www.heritagefoods.in) and also on the website of the Ministry of Corporate Aff airs, the information in respect of such unclaimed/ unpaid dividend and the last date for claiming the same are given below: 57 Notice | Statutory Reports
RkJQdWJsaXNoZXIy NTE5NzY=