PCBL : Interim Dividend Letter 2021-22

PCBL Limited

(Formerly known as Phillips Carbon Black Limited) CIN: L23109WB1960PLC024602

Regd. Office: 31, Netaji Subhas Road, Kolkata - 700001

Tel: [phone] - 64, Fax: [phone]

Corporate Office: RPSG House, 2/4 Judges Court Road,

4th Floor, Kolkata - 700027 Tel: [phone] / 0600

E-mail:[e-mail], Website:www.pcblltd.com

Date: January 21, 2022

Folio No./DP & Client ID: {Folio}

{Name}

Dear Shareholder,

We hope you and your family members are safe and healthy.

We are pleased to inform you that the Board of Directors at its Meeting held on January 20, 2022, has declared an interim dividend @500% i.e, of Rs. 10/- per Equity Share having face value of Rs. 2 per Equity Share for the financial year ending on March 31, 2022. The Record Date for the said interim dividend is Wednesday, February 02, 2022, and the same shall be paid either in electronic or in physical form, on and from Friday, February 11, 2022, to those shareholders whose names appear in the Register of Members or in the Register of Beneficial Owners maintained by the Depositories as on February 02, 2022.

Pursuant to the amendments introduced in the Income-tax Act, 1961 ('the Act') vide Finance Act, 2020, w.e.f. April 1, 2020, the Company will be required to withhold taxes at the prescribed rates on the dividend paid to its shareholders.

No tax will be deducted on payment of dividend to the resident individual shareholders, if the total dividend, paid during Financial year ('FY') 2021-22, does not exceed Rs. 5,000/-

The withholding tax rate would vary depending on the residential status, category of the shareholder(s) and is subject to provisions of requisite declarations / documents to the Company.

1. RESIDENT SHAREHOLDERS:

A.1 Tax deductible at source for Resident Shareholders (other than resident individual shareholders receiving dividend not exceeding Rs. 5,000 during the FY 2021-22)

S No.	Particular	Withholding tax	Declaration / documents
		rate	required
1	Valid PAN updated with the Depository	10%	N.A.
	Participant in case shares are held in
	dematerialized form; or Registrar and
	Transfer Agent ('RTA') in case shares
	are held in physical form and no

exemption sought by Shareholder

2	No / Invalid PAN with the Depository	20%		N.A.
	Participant in case shares are held in
	dematerialized form; or RTA in case
	shares are held in physical form and no
	exemption sought by Shareholder
3	Availability of lower/nil tax deduction	Rate specified in	• Copy of PAN card
	certificate issued by Income Tax	Lower	tax	• Copy of	lower tax
	Department u/s 197 of the Act	withholding		withholding	certificate
		certificate		obtained from Income Tax
		obtained	from	Department
		Income	Tax
		Department

A.2 Nil Tax Deductible at Sourceon dividend payment to Resident Shareholders if the Shareholders submit documents mentioned in table below with the Company/ RTA

S No.	Particular		Declaration / documents required
1	An Individual furnishing Form	• Copy of PAN card (refer point iii to the Notes
	15G/ 15H		below)
			• Declaration in Form No. 15G (applicable to an
			individual who is less than 60 years) / Form 15H
			(applicable to an Individual who is 60 years and
			above), fulfilling prescribed conditions.
			(Note: Application of beneficial Tax Treaty Rate shall
			depend upon the completeness and satisfactory review by
			the Company of the documents submitted by the non-
			resident shareholders. In case the documents are found to
			be incomplete, the Company reserves the right to not
			consider the tax rate prescribed under the tax treaty).
2	Shareholders to whom section	• Copy of PAN card
	194 of the Act does not apply
	such as LIC, GIC, Business	• Self-declaration (Please download the Link given
	Trust (REIT, InVIT) etc.	as Annexure-1, at the end of this communication),
			along with adequate documentary evidence (e.g.,
			registration certificate), to the effect that the no tax
			withholding is required as per provisions of section
			194 of the Act.
3	Shareholder covered u/s 196	• Copy of PAN card
	of the Act such as
	Government,	RBI, Mutual	• Self-declaration (Please download the Link given
	Funds specified u/s 10(23D),	as Annexure-1, at the end of this communication),
	corporations	established by	along with adequate documentary evidence,
	Central Act and exempt from	substantiating applicability of 196 of the Act.

Income Tax.

4	Category I and II Alternative	• Copy of PAN card
	Investment Fund (AIF)		• Self-declaration (Please download the Link given
					as Annexure-1, at the end of this communication) that
					AIF's income is exempt under Section 10 (23FBA) of
					the Act and they are governed by SEBI regulations as
					applicable to Category I or Category II AIFs, along with
					copy of registration certificate.
5	Any other entity exempt from	• Copy of PAN card
	withholding	tax	under	the
	provisions of section 197A of	• Self-declaration (Please download the Link given
	the Act	(including those	as Annexure-1& 2, at the end of this communication)
	mentioned	in	Circular	No.	along with adequate documentary evidence,
	18/2017 issued by CBDT)		substantiating the nature of the entity
					• Copy of the lower tax withholding certificate
					obtained from Income Tax Department (except those
					covered by Circular 18/2017)

1. NON-RESIDENTSHAREHOLDERS:

Tax deductible at source for non-resident shareholders.

S	Category		Withholding tax rate	Declaration / documents required
No.
1	Foreign	Institutional	20% (plus	applicable	• Copy of PAN card (if available)
	Investors	(FIIs) /	surcharge	and cess)
	Foreign	Portfolio	or tax treaty rate	• Self-declaration(Please download
	Investors (FPIs)	whichever	is	the Link given as Annexure-3, at the
			beneficial		end of this communication).
					• Copy of Tax Residency certificate
					issued by revenue authority of country
					of residence of shareholder for the
					financial year 2021 and financial year
					2022 (covering the period from April 1,
					2021 to March 31, 2022)
					• Self-Declaration in Form 10F if all the
					details required in this form are not
					mentioned in the TRC (Please
					download the Link given as Annexure-
					5, at the end of this communication).

• Self-declaration by the non-resident

shareholder of having no permanent

establishment / Fixed base or place of

business / Business Connection / Place

of Effective

Management/beneficial

ownership, in India in accordance with

the applicable DTAA (pertaining to FY

2021-22) (Refer Annexure 6)

(Note: Application of beneficial Tax Treaty

Rate shall depend upon the completeness

and satisfactory review by the Company of

the documents submitted by the non-

resident

shareholders.

In

case

the

documents are found to be incomplete, the

Company reserves the right to not consider

the tax rate prescribed under the tax

treaty).

2

Alternative

10% (plus

applicable

• Copy of PAN card (if available)

Investment

Fund

-

surcharge and cess)#

Category III located in

• Self-declaration(Please download

International

the Link given as Annexure-4, at the

Financial

Services

end of this communication) along with

Centre

adequate

documentary

evidence

substantiating the nature of the entity

3

Other

Non-resident

20% (plus

applicable

To avail beneficial rate of tax treaty

shareholders

(except

surcharge

and cess)

following tax documents would be

those

who

are

tax

or tax treaty rate

required:

residents of

Notified

whichever

is

1. Copy of PAN card (if available)

Jurisdictional Area)

beneficial

2. Copy of Tax Residency certificate

issued by revenue authority of country

of residence of shareholder for the

financial year 2021 and financial year

2022 (covering the period from April 1,

2021 to March 31, 2022)

3. Self-Declaration in Form 10F (Please

download the Link given as Annexure-

5, at the end of this communication).

4. Self-declaration for non-existence

of permanent establishment / fixed

base / business connection in India,

place

of

effective

management,

beneficial ownership and eligibility to

avail

tax

treaty

benefit

[on

shareholder's letterhead]

(Please

download the Link given as Annexure-

6, at the end of this communication)

(Note: Application of beneficial Tax Treaty

Rate shall depend upon the completeness

and satisfactory review by the Company of

the documents submitted by the non-

resident

shareholders.

In

case

the

documents are found to be incomplete, the

Company reserves the right to not consider

the tax rate prescribed under the tax

treaty).

4

Non-Resident

30%

NA

Shareholders who are

tax

residents

of

Notified Jurisdictional

Area

as defined

u/s

94A(1) of the Act

5

Sovereign

Wealth

NIL

• Copy of the notification issued by

funds

and

Pension

CBDT

substantiating

the

funds

notified

by

applicability of section 10(23FE) of

Central

Government

the Act issued by the Government of

u/s 10(23FE)

of

the

Act

India.

•

Self-Declaration

(Please

download the Link given as

Annexure-7& 8, at the end of this

communication) that the conditions

specified in section 10(23FE) have

been complied with

6

Subsidiary

of Abu

NIL

Self-Declaration (Please download the Link

Dhabi

Investment

given as Annexure-9, at the end of this

Authority

(ADIA)

as

communication)

substantiating

the

prescribed

under

fulfillment of conditions prescribed under

section

10(23FE)

of

section 10(23FE) of the Act

the Act

7

Availability

of

Rate

specified

in

Copy

of

the

lower

tax

withholding

Lower/NIL

tax

Lower

tax

certificate

obtained from

Income

Tax

deduction

certificate

withholding

Department

issued by Income Tax

certificate obtained

Department u/s 195

from

Income

Tax

or 197 of the Act

Department

#In case PAN is not updated with the Company's RTA or depository; or PAN is not available; and information sought in the declaration are not provided, higher rate of withholding tax as per section 206AA shall be applied.