102 Atul Ltd | Annual Report 2022-23 Atul Ltd | Annual Report 2022-23 Atul Ltd Atul House G I Patel Marg Ahmedabad 380 014, Gujarat India Atul Ltd | Annual Report 2022-23 Reconnect | Reimagine | Regrow Corporate Overview Statutory Reports Financial Statements rate (plus applicable surcharge and cess) on the amount of dividend payable to them. However, as per Section 90 of the Income Tax Act, 1961, the non-resident members have the option to be governed by the provisions of the Double Tax Avoidance Agreement (DTAA) between India and the country of tax residence of the members, if they are more beneficial to them. For this purpose, that is, to avail of the tax treaty benefits, the non-resident members will have to provide the following: a) Self-attested copy of Tax Residency Certificate (TRC) obtained from the tax authorities of the country of which the members are a resident. b) Self-declaration in Form 10F submitted at Income Tax Portal if all the details required in this form are not mentioned in the TRC. c) Self-attested copy of the PAN card allotted by the Indian income tax authorities. d) Self-declaration, certifying the following points: • The members are and will continue to remain tax residents of the countries of their residence during the financial year 2023-24. • The members are eligible to claim the beneficial DTAA rate for the purposes of tax withholding on the dividend declared by the Company. • The members have no reason to believe that their claim for the benefits of the DTAA is impaired in any manner. • Themembers are the ultimatebeneficial owners of their shareholding in the Company and dividend receivable from the Company. • The members do not have a taxable presence or permanent establishments in India during the financial year 2023-24. 07. Please note that the Company is not obligated to apply the beneficial DTAA rates at the time of tax deduction | withholding on dividend amounts. Application of the beneficial DTAA rate will depend upon the completeness and satisfactory review of the documents submitted by the non-resident members, by the Company. 08. The Company will arrange to e-mail the soft copies of TDS certificates to the members at their registered e-mail addresses in due course, post payment of the dividend. 09. Unpaid dividend payable to the members in respect of the 28th dividend onwards, that is, from the financial year ended on March 31, 2016, will be transferred to the Investor Education and Protection Fund (IEPF). Information in respect of such unclaimed dividends as to when they are due for transfer to the said fund is given below: Dividend Financial year ended Date of declaration of dividend Rate of dividend Expected date of transfer of unpaid dividend to IEPF 28th March 31, 2016 July 29, 2016 100% July 28, 2023 29th March 31, 2017 July 28, 2017 100% July 27, 2024 30th March 31, 2018 July 27, 2018 120% July 26, 2025 31st March 31, 2019 July 31, 2019 150% July 30, 2026 32nd special interim dividend March 31, 2020 October 25, 2019 125% October 24, 2026 33rd interimdividend March 31, 2020 March 11, 2020 150% March 10, 2027 34th March 31, 2021 July 30, 2021 200% July 29, 2028 35th March 31, 2022 July 29, 2022 250% July 28, 2029 36th special interim dividend March 31, 2023 October 21, 2022 75% October 20, 2029 No claim will lie from the members once the transfers are made to the said funds. The members who have not encashed their dividend warrants are requested to encash the same before the said transfer, in their own interest. 10. Pursuant to the Investors Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (Rules), the Company has transferred the equity shares in respect of which dividend has not been claimed | encashed for seven or more consecutive years to the Investor Education and Protection Fund of the Central Government during the financial year 2022-23. The Company regularly sends letters to the members whose dividend has not been claimed | encashed for seven or more consecutive years. The details of such members are posted on the website of the Company at www.atul.co.in/investors/dividends Please note that the shares transferred to the IEPF can be claimed from the IEPF Authority as per the procedure prescribed under the Rules. 11. An electronic copy of the annual report for 2022-23,
RkJQdWJsaXNoZXIy MjA2MDI2