Unichem Laboratories

Date: 08/07/ 2021

Dear Shareholder,


As you are aware, the Board of Directors of the Company, at its Meeting held on   29th May, 2021 have recommended a final dividend of Rs. 4/- (200%) per Equity Share of Rs. 2/- each for the financial year ended 31st March, 2021. This dividend will be paid, subject to approval of the Shareholders of the Company at the ensuing Annual General meeting (AGM) scheduled on Saturday, 31st July, 2021.

 

Pursuant to the changes introduced by the Finance Act, 2020, w.e.f. 1st April, 2021, the Company would be required to withhold taxes at the prescribed rates on the Dividend paid to its Shareholders. The withholding tax rate would vary depending on the residential status of the Shareholder and the documents submitted by them and accepted by the Company. Accordingly, the above referred final dividend will be paid to the Shareholders after deducting the tax at source as follows:


Resident Shareholder:

It may be noted that tax would not be deducted on payment of dividend to Resident Individual Shareholder, if total dividend to be paid in a financial year does not exceed Rs. 5,000. Where the dividend payable exceeds Rs. 5,000 for financial year 2021-2022, please refer to the table below for the details:

 

Particulars

Applicable Rate

Documents required (if any)

With PAN

10%

Update/Verify the PAN, and the residential status as per Income Tax Act, 1961 (“Act”)if not already done, with the depositories (in case of shares held in demat mode) and with the Company's Registrar and Transfer Agents – Link Intime India Private Limited (in case of shares held in physical mode) by clicking on the following link https://www.linkintime.co.in/EmailReg/Email_Register.html.

 

 

If shareholder is classified as "specified person" as per the provision of section 206AB, tax will be deducted at the rate higher of the following:
 

i.        Twice the rate specified in the relevant provision of the Income-tax Act; or

ii.       Twice the rate or rates in force; or

iii.     The rate of 5%.

 

Specified person means a person who has not filed the returns of income for both of the two assessment years relevant to the two previous years immediately prior to the previous year in which tax is required to be deducted, for which the time limit of filing return of income under sub-section (1) of section 139 has expired; and the aggregate of tax deducted at source and tax collected at source in his case is rupees fifty thousand or more in each of these two previous years.   

 

For the purpose of identifying whether shareholder is “Specified Person” as per the provision of section 206AB, the tax department has started functionality check on the tax portal. The Company will be relying on the information verified by the utility available on the Income Tax website.

Without PAN/

Invalid PAN

20%

 

Submitting Form 15G/ Form 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 older), fulfilling certain conditions.  The Link to obtain the declaration form is given herein below.

Submitting Order under Section 197 of the Income Tax Act, 1961

Rate provided in the Order

Lower/NIL withholding tax certificate obtained from tax authority.

An Insurance Company as specified under Sec 194 of the Income Tax Act,1961)

NIL

Self-declaration that it has full beneficial interest with respect to the shares owned by it along with Self attested PAN.

(a)Mutual Fund specified under clause (23D) of Section 10 of the Income Tax Act, 1961.

 

NIL

Self-declaration that they are specified in Section 10 (23D) of the Income Tax Act, 1961 along with self-attested copy of PAN card and registration certificate.

(b)Alternative Investment Fund (AIF) established in India

 

 

Self-declaration that their income is exempt under Section 10 (23FBA) of the Income Tax Act, 1961 and they are established as Category I or Category II AIF under the SEBI Regulations, alongwith self-attested copy of PAN CARD and registration certificate.

 

Non-Resident Shareholder:

 

 Particulars

Applicable Rate

Documents required (if any)

Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs)

20% (plus applicable surcharge and cess)

·         Update/Verify the PAN and legal entity status as per the Act, if not already done, with the depositories or with the Company's Registrar and Transfer Agent ("RTA"), as the case may be.

·         Provide declaration whether the investment in shares has been made under the general FDI route or under the FPI route.

·         Self-attested copy of SEBI Registration certificate

Other Non-resident Shareholders

 

20% (plus applicable surcharge and cess) 

OR

Tax Treaty Rate**

(whichever is lower)

Update/Verify the PAN and the residential status as per Income Tax Act, 1961, if not already done, with the depositories (in case of shares held in demat mode) and with the Company's Registrar and Transfer Agents – Link Intime India Private Limited (in case of shares held in physical mode) by clicking on the following link https://www.linkintime.co.in/EmailReg/Email_Register.html.

 

In order to apply the Tax Treaty rate, all the following documents would be required:

 

1)   Copy of Indian Tax Identification number (PAN), if available.

2)   Valid Tax Residency Certificate (TRC) obtained from the tax authorities of the country of which the Shareholder is a resident.

3)   Form 10F duly filled and signed (The Link to obtain the Form   is given herein below).

4)   Self-declaration from Non-resident, primarily covering the following:

-     Non-resident is eligible to claim the benefit of respective tax treaty;

-     Non-resident receiving the dividend income is the beneficial owner of such income and

-     Dividend income is not attributable/effectively connected to any Permanent Establishment (PE) or Fixed Base in India.

     (The Link to obtain the declaration form is given herein below)

Submitting Order u/s 197 (i.e. lower or NIL withholding tax certificate) 

Rate provided in the Order

Lower/NIL withholding tax certificate obtained from tax authority. 

** The Company is not obligated to apply the beneficial Tax Treaty rates at the time of tax deduction/withholding on dividend amounts. Application of beneficial Tax Treaty Rate shall depend upon the completeness of the documents submitted by the Non- Resident Shareholder and review to the satisfaction of the Company.

 

Members should submit declarations in prescribed forms to avail the benefit of non-deduction of tax at source by uploading the aforesaid documents as applicable, on the following link https://linkintime.co.in/formsreg/submission-of-form-15g-15h.html on or before 23rd July, 2021 to enable the Company to determine the appropriate TDS rates. No communication on the tax determination/deduction received post 23rd July, 2021 shall be considered for payment of the Dividend. It is advisable to upload the documents at the earliest to enable the Company to collate the documents to determine the appropriate TDS rates.

 

Kindly note that the aforementioned documents are required to be submitted to our Registrars & Transfer Agents, Link Intime India Private Limited at its dedicated link mentioned below- https://linkintime.co.in/formsreg/submission-of-form-15g-15h.html on or before 23rd  July, 2021, 5.00 p.m. Indian Standard Time (IST) in order to enable the Company to determine and deduct appropriate TDS/ withholding tax rate. No communication on the tax determination/deduction shall be entertained post 23rd  July, 2021, 5:00 p.m. (IST). It may be further noted that in case the tax on said dividend is deducted at a higher rate in absence of receipt of the aforementioned details/documents from you, there would still be an option available with you to file the return of income and claim an appropriate refund, if eligible. All communications/ queries in this respect should be addressed and sent to our RTA, Link Intime India Private Limited at its email address unichemlabstaxexemption@linkintime.co.in  please note no tax exemption forms sent on this mail id will be entertained and this mail is specifically for dividend tax related queries. 

 

If the tax on said dividend is deducted at a higher rate in absence of receipt of or satisfactory completeness of the afore-mentioned details/documents on or before 23rd July, 2021, the Shareholder may claim an appropriate refund in the return of income filed with their respective Tax authorities.

 

No claim shall lie against the Company for such taxes deducted.

 

The Company will arrange to e-mail a soft copy of the TDS certificate at the Shareholder’s registered email ID, post payment of the said Dividend if approved by the Shareholders at the ensuing AGM. Shareholders will also be able to see the credit of TDS in Form 26AS, wherever PAN is available which can be downloaded from their e-filing account at https://incometaxindiaefiling.gov.in.

 

To view / download Form-10F click here 

To view / download Form-15G click here

To view / download Form-15H click here

To view / download Self declaration click here


Statement of Unclaimed dividend for the year 2019-2020 as on March 31, 2021

Statement of Unclaimed dividend for the year 2020-21 as on December 31, 2021

Statement of Unclaimed dividend amount consecutively for 7 years

Unclaimed Dividend as on March 31, 2021

Procedure to claim Refund of unclaimed dividend from Investor Education and Protection Fund(IEPF)
  1. IEPF Rules
  2. IEPF notification - Refund process guidelines
  3. Claim Refund from IEPF


Note :
  1. Any one part of the Investor Name is mandatory, if folio No./ DP ID/Client ID number is not known.
  2. Folio Number/ DP ID/Client ID is optional and should be entered as available in Share Certificate/ Demat Account, without slashes.
  3. For claiming said dividend amount, we request you to write/email us the procedure to below mentioned contact details/e-mail address.
Mr. Dilip Bhor
  • Unichem Laboratories Limited
  • Unichem Bhavan, Prabhat Estate,
  • Off. S. V. Road, Jogeshwari (West)
  • Mumbai – 400 102
  • Phone. : 91(22) 66888439/66888478
  • Email:

Unichem Laboratories Limited - TDS deduction on dividend

Date: 19th July, 2022

Dear Shareholder,

As you are aware, the Board of Directors of the Company, at its Meeting held on 27th May, 2022 have recommended a final dividend of Rs. 4/- (200%) per Equity Share of Rs. 2/- each for the financial year ended 31st March, 2022. This dividend will be paid, subject to approval of the Shareholders of the Company at the ensuing Annual General meeting (AGM) scheduled on Tuesday, 9th August, 2022 at 2:00 p.m. through video-conference or other audio visual Means.

Pursuant to the changes introduced by the Finance Act, 2020, w.e.f. 1st April, 2020, the Company would be required to withhold taxes at the prescribed rates on the Dividend paid to its Shareholders. The withholding tax rate would vary depending on the residential status of the Shareholder and the documents submitted by them and accepted by the Company. Accordingly, the above referred final dividend will be paid to the Shareholders after deducting the tax at source as follows:


Resident Shareholder:

It may be noted that tax would not be deducted on payment of dividend to Resident Individual Shareholder, if total dividend to be paid in a financial year 2022-23 does not exceed Rs. 5,000. Where the dividend payable exceeds Rs. 5,000 for financial year 2022-2023, please refer to the table below for the details of withholding tax and documents required:



Particulars Applicable Rate Documents required (if any)
With PAN 10% (As per Section 194 of Income Tax Act) Update/Verify the PAN, and the residential status as per Income Tax Act, 1961 if not already done, with the depositories (in case of shares held in demat mode) and with the Company's Registrar and Transfer Agents – Link Intime India Private Limited (in case of shares held in physical mode) by clicking on the following link https://www.linkintime.co.in/EmailReg/Email_Register.html.

If shareholder is classified as "specified person" as per the provision of section 206AB of Income Tax Act, 1961, tax will be deducted at the rate higher of the following:
  • - Twice the rate specified in the relevant provision of the Income Tax Act; or
  • - Twice the rate or rates in force; or
  • - The rate of 5%.
Specified person means a person who has not furnished the return of income for the assessment year relevant to the previous year immediately preceding the financial year in which tax is required to be deducted, for which the time limit for furnishing return of income under sub-section (1) of section 139 has expired and the aggregate of tax deducted at source and tax collected at source in his/her case is rupees fifty thousand or more in said previous year.

For identifying whether shareholder is “Specified Person” as per the provisions of section 206AB, the income tax department has provided functionality check on the tax portal. The Company will be relying on the information verified by the utility available on the Income Tax website portal.
Without PAN/Invalid PAN 20% Shareholders who are required to link their Aadhaar number with their PAN in terms of the provisions under section 139AA(2) of the Act read with rule 114AAA of the Act should link the same within the prescribed timeline. In case of failure of linking Aadhaar with their PAN within the prescribed timeline, PAN shall be considered as inoperative and in such case tax shall be deducted at the higher rate of 20% as per section 206AA of the Act.
Submitting Form 15G/ Form 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 older), fulfilling certain conditions. The Link to obtain the declaration form is given herein below in Annexure 2 and Annexure 3. PAN is mandatory to provide Form 15G/15H.
Submitting Certificate under Section 197 of the Income Tax Act, 1961 Rate provided in the Certificate Lower/NIL withholding tax certificate obtained from Income tax authority.
An Insurance Company as specified under Sec 194 of the Income Tax Act,1961) NIL Self-declaration that it has full beneficial interest with respect to the shares owned by it along with Self attested PAN & certificate of registration with Insurance Regulatory & Development Authority (IRDA) / LIC / GIC. The Link to obtain the declaration form is given herein below in Annexure 5.
(a)Mutual Fund specified under clause (23D) of Section 10 of the Income Tax Act, 1961.

(b)Alternative Investment Fund (AIF) established in India
NIL Self-declaration that they are specified in Section 10 (23D) of the Income Tax Act, 1961 along with self-attested copy of PAN card and certificate of registration with SEBI. The Link to obtain the declaration form is given herein below in Annexure 7.

Self-declaration that their income is exempt under Section 10 (23FBA) of the Income Tax Act, 1961 and they are established as Category I or Category II AIF under the SEBI Regulations, alongwith self-attested copy of PAN CARD and certificate of AIF registration with SEBI. The Link to obtain the declaration form is given herein below in Annexure 8.
Corporation established by or under a Central Act governed by section 196 NIL Reference is drawn to Circular No. 18/2017 dated May 29, 2017 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes as regards requirement of TDS in case of entities whose income is exempt under section 10 of the Act.

Declaration that it is a corporation established by or under a Central Act whereby income-tax is exempt and accordingly, is covered under section 196 of the Act, along with self-attested copy of registration certificate and relevant extract of the section whereby the income is exempt from tax. The Link to obtain the declaration form is given herein below in Annexure 6.

Non-Resident Shareholder:

Particulars Applicable Rate Documents required (if any)
Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs) / Other Non-resident Shareholders 20% (plus applicable surcharge and cess)OR Tax Treaty Rate**(whichever is lower) Update/Verify the PAN and the residential status as per Income Tax Act, 1961, if not already done, with the depositories (in case of shares held in demat mode) and with the Company's Registrar and Transfer Agents – Link Intime India Private Limited (in case of shares held in physical mode) by clicking on the following link https://www.linkintime.co.in/EmailReg/Email_Register.html.

In case of FII and FPI-
  • Provide declaration whether the investment in shares has been made under the general FDI route or under the FPI route.
  • Self-attested copy of SEBI Registration certificate
In order to apply the Tax Treaty rate, all the following documents would be required to be submitted by Non – Resident Shareholders:
  • - Self attested Copy of Indian Tax Identification number (PAN) allotted by the Indian Income Tax authorities, if available.
  • - Valid Tax Residency Certificate (TRC) for the period 1 April 2022 to 31 March 2023 obtained from the tax authorities of the country of which the Shareholder is a resident.
  • - Form 10F duly filled and signed (The Link to obtain the Form is given herein below in Annexure 1).
  • - Self-declaration from Non-resident, primarily covering the following:
    • - Non-resident is eligible to claim the benefit of respective tax treaty;
    • - Non-resident receiving the dividend income is the beneficial owner of such income and
    • - Dividend income is not attributable/effectively connected to any Permanent Establishment (PE) or Fixed Base in India.

(The Link to obtain the declaration form is given herein below in Annexure 9.)

Submitting Certificate u/s 197/195 (i.e. lower or NIL withholding tax certificate) Rate provided in the Certificate Lower/NIL withholding tax certificate obtained from tax authority.

** The Company is not obligated to apply the beneficial Tax Treaty rates at the time of tax deduction/withholding on dividend amounts. Application of beneficial Tax Treaty Rate shall depend upon the completeness of the documents submitted by the Non- Resident Shareholder and review to the satisfaction of the Company.


In terms of Rule 37BA of Income Tax Rules 1962, if dividend income on which tax has been deducted at source is assessable in the hands of a person other than the deductee, then such deductee should file declaration with Company’s Registrar in the manner prescribed by the Rules. The Link to obtain the declaration form is given herein below in Annexure 4.


Kindly note that the aforementioned documents are required to be submitted to our Registrars & Transfer Agents, Link Intime India Private Limited at its dedicated link mentioned below- https://linkintime.co.in/formsreg/submission-of-form-15g-15h.html on or before 2nd August, 2022, 5.00 p.m. Indian Standard Time (IST) in order to enable the Company to determine and deduct appropriate TDS/ withholding tax rate. No communication on the tax determination/deduction shall be entertained post 2nd August, 2022, 5:00 p.m. (IST). It may be further noted that in case the tax on said dividend is deducted at a higher rate in absence of receipt of the aforementioned details/documents from you, there would still be an option available with you to file the return of income and claim an appropriate refund, if eligible. No claim shall lie against the Company for such taxes deducted. All communications/ queries in this respect should be addressed and sent to our RTA, Link Intime India Private Limited at its email address unichemlabltdtaxexemption@linkintime.co.in. Please note no tax exemption forms sent on this mail id will be entertained and this mail is specifically for dividend tax related queries.


In the event of any income-tax demand (including interest, penalty, etc.) arising from any misrepresentation, inaccuracy or omission of information provided / to be provided by the shareholders, such shareholders will be responsible to pay and indemnify such income-tax demand (including interest, penalty, etc.) and provide the Company with all information / documents that may be necessary and co-operate in any proceedings before any income-tax/appellate authority.


The Company will arrange to e-mail a soft copy of the TDS certificate at the Shareholder’s registered email ID, post filing of TDS Returns after payment of the said Dividend if approved by the Shareholders at the ensuing AGM. Shareholders will also be able to see the credit of TDS in Form 26AS, wherever PAN is available which can be downloaded from their e-filing account at https://incometaxindiaefiling.gov.in.


Annexure 1 - To view / download Form-10F click here


Annexure 2 - To view / download Form-15G click here


Annexure 3 - To view / download Form-15H click here


Annexure 4 - To view / download beneficial ownership declaration (Rule 37BA(2)) click here


Annexure 5 - To view / download declaration from insurance companies click here


Annexure 6 - To view / download declaration from Corporation established by or under a Central Act click here


Annexure 7 - To view / download declaration from Mutual Funds click here


Annexure 8 - To view / download declaration from Alternative Investment Fund click here


Annexure 9 - To view / download declaration from Non-resident click here


ABOVE COMMUNICATION ON WITHHOLDING TAX SETS OUT THE PROVISIONS OF LAW IN A SUMMARIZED MANNER ONLY AND DOES NOT PURPORT TO BE A COMPLETE ANALYSIS OR LISTING OF ALL POTENTIAL TAX CONSEQUENCES. SHAREHOLDER SHOULD CONSULT WITH THEIR OWN TAX ADVISORS FOR THE TAX PROVISIONS APPLICABLE TO THEM.

Thanking You,

Yours faithfully,
For Unichem Laboratories Limited