General > Shareholders Information
Shareholders Information
Dear Shareholder,
As a part of its ongoing measures to enhance ease of dealing in securities markets and with a view to make process of Transmission of Shares more efficient and friendly, Securities and Exchange Board of India (SEBI), vide its Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/65 dated May 18, 2022 specified the simplified procedure and standardized formats of documents for transmission of securities by Registrar & Share Transfer Agents (RTAs).
- The revised documentation requirements in case of transmission of securities are specified below :
- Where the securities are held in a single name with a nomination, nominee shall be informed about the procedure to be followed for the claim on the receipt of the intimation of death of the security holder.
- where the securities are held in single name with a nomination, the following documents shall be submitted:
(a) duly signed transmission request form by the nominee;
(b) original death certificate or copy of death certificate attested by the nominee subject to verification with the original or copy of death certificate duly attested by a notary public or by a gazetted officer;
(c) self-attested copy of the Permanent Account Number card of the nominee, issued by the Income Tax Department.
- where the securities are held in single name without nomination, the following documents shall be submitted:
(a) duly signed transmission request form by the legal heir(s)/claimant(s);
(b) original death certificate or copy of death certificate attested by the legal heir(s)/claimant(s) subject to verification with the original or copy of death certificate duly attested by a notary public or by a gazetted officer;
(c) self-attested copy of the Permanent Account Number card of the legal heir(s)/claimant(s), issued by the Income Tax Department;
(d) a notarized affidavit, in the format provided in Annexure-D from all legal heir(s) made on non-judicial stamp paper of appropriate value, to the effect of identification and claim of legal ownership to the securities.
However, in case the legal heir(s)/claimant(s) are named in any of the documents for transmission of securities as mentioned in serial number 2 in Annexure-A , an affidavit from such legal heir(s)/claimant(s) alone shall be sufficient;
(e) a copy of other requisite documents for transmission of securities as may be applicable as per Annexure-A, attested by the legal heir(s)/claimant(s) subject to verification with the original or duly attested by a notary public or by a gazetted officer:
- In cases where a copy of Will is submitted as may be applicable in terms of Indian Succession Act,1925 (39 of 1925) the same shall be accompanied with a notarized indemnity bond from the claimant (appropriate beneficiary of the Will) to whom the securities are transmitted, in the format provided in Annexure-E.
- In cases where a copy of Legal Heirship Certificate or its equivalent certificate issued by a competent Government Authority is submitted, the same shall be accompanied with:
- a notarized indemnity bond from the legal heir(s) /claimant(s) to whom the securities are transmitted, in the format provided in Annexure-E.
- No Objection from all non-claimants (remaining legal heirs), stating that they have relinquished their rights to the claim for transmission of securities, duly attested by a notary public or by a gazetted officer, in the format provided in Annexure-F to this Circular.
- For value of securities up to rupees five lakhs per listed entity in case of securities held in physical mode, and up to rupees fifteen lakhs per beneficial owner in case of securities held in dematerialized mode, as on date of application by the claimant, and where the documents mentioned in serial number 3 in Annexure-A, are not available, the legal heir(s) /claimant(s) may submit the following documents:
- a notarized indemnity bond made on non-judicial stamp paper of appropriate value in the format provided in Annexure-E, indemnifying the Share Transfer Agent/ listed entity:
- no objection certificate from all legal heir(s) stating that they do not object to such transmission in the format provided in Annexure-For copy of family settlement deed executed by all the legal heirs, duly attested by a notary public or by a gazetted officer; and
The listed entity may, at its discretion, enhance the value of securities from the threshold limit of rupees five lakhs, in case of securities held in physical mode.
- For transmission of securities to the surviving joint holder(s), RTAs shall comply with clause 23 of Table F in Schedule 1 read with Section 56(2) & 56(4)(c) of the Companies Act, 2013, and transmit securities in favour of surviving Joint holder(s), in the event of demise of one or more joint holder(s), provided that there is nothing contrary in the Articles of Association of the company as may be applicable to the Bank.
- In case the securities were held by the deceased holder in a single name and in physical mode, then after verifying and processing the documents submitted for transmission of securities, the RTAs/ Issuer companies shall intimate the claimant(s) about its execution as may be applicable, within 30 days of the receipt of such request, by way of issuing a Letter of Confirmation in the format provided in Annexure-G.
List of Annexures:
|
Sr. No. |
Particulars |
Form- web link |
|
1. |
Ready Reckoner: Documents Required for Transmission of Securities |
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|
2. |
Operational guidelines for processing investor’s service request for the purpose of Transmission of securities |
|
|
3. |
Format of the form to be filed by nominee / claimant(s) / legal heir(s) while requesting transmission of securities |
|
|
4. |
Format of affidavit to be given by all Legal Heirs or Legal Heirs named in Succession Certificate/ Probate of Will/ Will/ Letter of Administration/ Legal Heirship Certificate/Court Decree |
|
|
5. |
Format of Bond of Indemnity to be furnished jointly by all Legal Heir(s) including the Claimant(s) |
|
|
6. |
Format of NOC from other Legal Heir(s) for transmission of securities in favour of the Claimant(s)/legal heir(a) |
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|
7. |
Format of the Letter of Confirmation to be issued by RTAs/ Issuer Companies |
Dear Shareholder,
Subject: Intimation / Communication in respect to Deduction of tax at source on Dividend for Financial Year 2023-24.
We are pleased to inform that the Board of Directors of your Bank has recommended dividend of Rs. 3.60/- per Equity share of face value of Rs.10 each, subject to approval of Shareholders at the ensuing 22nd Annual General Meeting of the Bank, scheduled to be held on Friday, 26th, July,2024 through Video Conference (VC) /Other Audio-Visual Means (OAVM).
As per the provisions of the Income Tax Act, 1961 (‘the Act’), dividend paid on or after 1st April 2020, is taxable in the hands of shareholders and depending upon the residential status and classification of the shareholders as per the provisions of the Act, the Bank is required to deduct tax at source (‘TDS’) from dividend paid to the shareholders at the applicable rates as mentioned below:
Resident Shareholders:
|
Sl No |
Particulars |
Tax Rate |
Documents Required |
|
1 |
Individual Shareholder receiving aggregate of total dividend not exceeding Rs. 5000 from the Bank during FY 2024-25. |
NIL |
Not Applicable |
|
2 |
Shareholder with valid PAN (including individual shareholders receiving aggregate dividend in excess of Rs.5000 from the Bank during FY 2024-25) |
10% |
Shareholders to update / verify their PAN and residential status as per the Act, if not already done, with the Depository Participant (if shares are held in DEMAT form) and with the Bank’s Share Transfer Agent i.e., Kfin Technologies Limited (if shares are held in Physical form). |
|
Any resident individual Shareholder submitting Form 15G / Form 15H |
NIL |
|
|
|
3 |
Shareholder not having valid PAN / without registration of PAN / is a “specified person” as per Section 206AB of the Act. |
20% |
Not Applicable |
|
4 |
Shareholder submitting certificate under Section 197 of the Act |
Rate mentioned in the certificate |
Self-attested copy of the certificate under Section 197 obtained from Income Tax Authority. The same should be valid for FY 2024-25 and should cover dividend income. |
|
5 |
Insurance Company under Section 194 of the Act. |
NIL |
|
|
6 |
Persons covered under Section 196 of the Act (Govt, RBI, Corporations established under Central Act and exempt from Income Tax, Mutual Fund under Section 10(23D)) |
NIL |
|
|
7 |
Alternative Investment Fund (AIF) established in India |
NIL |
|
|
10% |
This rate is applicable for Category III AIF |
||
|
8 |
Any other entity exempt from withholding tax under the provisions of section 197A of the Act (including those mentioned in Circular No. 18/2017 issued by CBDT) |
NIL |
A self- declaration in Annexure-C that the person is covered under the provisions of section 197A of the Act. |
|
9 |
Any other entity entitled to exemption from TDS |
NIL |
Valid self-attested documentary evidence (e.g., copy of the relevant registration, notification, order, etc.) in support of the entity being entitled to TDS exemption. |
Non-Resident Shareholders:
|
Sl No |
Particulars |
Tax Rate |
Documents Required |
|
1 |
Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs) |
20% (plus applicable surcharge and cess) or Tax Treaty rate** whichever is lower |
Update/Verify the PAN and legal entity status asper the Act, if not already done, with the depositories. Provide declaration in Annexure-D whether the investment in shares has been made under the general FDI route or under the FPI route. Shareholders may also apply for a lower TDS rate as per the relevant Double Taxation Avoidance Agreements ('DTAA'), by submitting following documents:
|
|
2 |
Other Non-resident shareholders (except those who are tax resident of Notified jurisdictional Area) |
20% (plus applicable surcharge and cess) OR Tax Treaty Rate** (whichever is lower) |
Shareholders to update / verify their PAN and residential status as per the Act, if not already done, with the Depository Participant (if shares are held in DEMAT form) and with the Bank’s Share Transfer Agent i.e., Kfin Technologies Limited. To avail the lower rate, the following to be submitted:
Application of the beneficial rate of tax treaty for TDS is at the discretion of the Bank and shall depend upon completeness of the documentation and review of the same by the Bank. |
|
3 |
Non-Resident Shareholders who are tax residents of Notified Jurisdictional Area as defined u/s 94A(1) of the Act |
30% |
Not Applicable |
|
4 |
Submitting certificateu/s 197 (i.e. lower or NIL withholding tax certificate) |
Rate provided in the certificate |
If lower/ NIL withholding tax certificate obtained from Income tax authority is submitted, tax will be withheld at the rate specified in the said certificate, subject to furnishing a self-attested copy of the same. The certificate should be obtained on TAN of the Bank i.e., MUMU08577C, valid for FY 2024-25 and should cover dividend income. |
|
5 |
Non-resident shareholder who is a “specified person” as per section 206AB. |
40% (plus applicable surcharge and cess) |
Not Applicable |
|
6 |
Any other entity entitled to exemption from TDS |
NIL |
Self-declaration substantiating the fulfilment of prescribed conditions andValid self-attested documentary evidence (e.g., copy of the relevant registration, notification, order, etc.) in support of the entity being entitled to TDS exemption. |
^In case, the TRC is furnished in a language other than English, the said TRC would have to be translated from such other language to English language and thereafter duly notarized and apostilled copy of the TRC would have to be provided.
** The beneficial Tax Treaty rates will not automatically apply at the time of tax deduction/ withholding on dividend amounts. Application of beneficial Tax Treaty Rate shall depend upon the completeness and satisfactory review by the Bank of documents submitted by non-resident shareholders. In case documents are found to be incomplete, the Bank reserves the right to not consider the tax rate prescribed under the tax treaty.
Notes:
1. The above-mentioned forms / declarations can be downloaded from the Bank’s RTA at https://ris.kfintech.com/form15/
2. If dividend income is taxable in hands of any person other than the recipient of the dividend (e.g. Clearing member/corporations), then requisite details to be provided by way of a declaration under Rule 37BA(2) of the Income Tax Rules, 1962 in Annexure H.
3. Form 15G / Form 15H can be submitted only in case the shareholder's income tax payable on estimated total income for FY 2024-25 is NIL.
4. Lower deduction Certificate u/s 197 of the Act may be obtained under TAN of the Bank i.e., MUMU08577C.
5. Shareholders may note that all documents to be submitted are required to be self-attested (the documents should be signed by shareholder/authorised signatory stating the document to be "certified true copy of the original"). In case of ambiguous, incomplete or conflicting information, or valid information/documents not being provided, tax at maximum applicable rate will be deducted.
6. In case of any discrepancy in documents submitted by the shareholder, the Bank will deduct tax at higher rate as applicable, without any further communication in this regard.
7. Where sections 206AA and 206AB are applicable i.e. the specified person has not submitted the PAN as well as not filed the return; the tax shall be deducted at higher of two rates prescribed in these two sections.
8. In the event of a mismatch in category of shareholder (individual, company, trust, partnership, local authority, Government, Association of Persons etc.) as per register of members and as per fourth letter of PAN (10 digit alpha-numeric number), the Bank would consider fourth letter of PAN for determining the category of shareholders and the applicable tax rate/ surcharge/ education cess.
9. The shareholders are requested to upload the aforementioned documents, duly filled and signed latest by 5 PM (IST), Saturday, 20th July, 2024 with Bank’s RTA at https://ris.kfintech.com/form15 in order to enable the Bank to determine and deduct appropriate TDS / withholding tax rate. No communication on the tax determination/deduction shall be entertained post Saturday, 20th July, 2024.
10. Soft copy of forms 15G / 15H / any other document addressed to the Bank shall either be digitally signed or original thereof shall be sent to the Bank’s RTA at the address given below:
KFin Technologies Limited
Unit: Union Bank of India
Selenium Tower B, Plot 31 & 32
Financial District, Nanakramguda
Hyderabad – 500032
Toll free: 1800 309 4001
Website: www.kfintech.com
11. Shareholders may note that in case the tax on said dividend is deducted at a higher rate in absence of receipt, or insufficiency of the aforementioned details/documents from you, an option is available to you to file the return of income as per the Act and claim an appropriate refund, if eligible. No claim shall lie against the Bank for such taxes deducted.
12. In case of joint shareholders, the shareholder named first in the Register of Members is required to furnish the requisite documents for claiming any applicable beneficial tax rate.
13. Shareholders, whose valid PAN is updated, will be able to see the credit of TDS in Form 26AS, which can be downloaded from their e-filing account at https://www.incometax.gov.in The Bank shall not be liable to entertain any request from such shareholder and the requisite steps will have to be taken by the shareholder at his / her end only. The shareholders are required to ensure that instructions mentioned herein are duly adhered to, failing which Bank would not be able to entertain any requests for allowing any exception, whatsoever.
Thanking You
Your Faithfully,
For Union Bank of India
Sd/-
(S.K. Dash)
Company Secretary
Disclaimer: The information set out herein above is included for general information purposes only and does not constitute legal or tax advice. Since the tax consequences are dependent on facts and circumstances of each case, the investors are advised to consult their own tax consultant with respect to specific tax implications arising out of receipt of dividend.
Dear Shareholder,
Subject: Intimation / Communication in respect to Deduction of tax at source on Dividend for Financial Year 2022-23.
We are pleased to inform that the Board of Directors of your Bank has recommended dividend of Rs. 3/- per Equity share of face value of Rs.10 each, subject to approval of Shareholders at the ensuing 21st Annual General Meeting of the Bank, scheduled to be held on Friday, 4th August, 2023 through Video Conference (VC) /Other Audio-Visual Means (OAVM).
As per the provisions of the Income Tax Act, 1961 (‘the Act’), dividend paid on or after 1st April 2020, is taxable in the hands of shareholders and depending upon the residential status and classification of the shareholders as per the provisions of the Act, the Bank is required to deduct tax at source (‘TDS’) from dividend paid to the shareholders at the applicable rates as mentioned below:
Resident Shareholders:
|
Sl No |
Particulars |
Tax Rate |
Documents Required |
|
1 |
Individual Shareholder receiving aggregate of total dividend not exceeding Rs. 5000 from the Bank during FY 2022-23. |
NIL |
Not Applicable |
|
2 |
Shareholder with valid PAN (including individual shareholders receiving aggregate dividend in excess of Rs.5000 from the Bank during FY 2023-24) |
10% |
Shareholders to update / verify their PAN and residential status as per the Act, if not already done, with the Depository Participant (if shares are held in DEMAT form) and with the Bank’s Share Transfer Agent i.e., Datamatics Business Solutions Ltd (if shares are held in Physical form). |
|
Any resident individual Shareholder submitting Form 15G / Form 15H |
NIL |
a. Form 15G (applicable to individual below 60 years) (Annexure-A) / Form 15H (applicable to individual of 60 years or above) (Annexure-B) (as applicable) b. Self-attested copy of PAN |
|
|
3 |
Shareholder not having valid PAN / without registration of PAN / is a “specified person” as per Section 206AB of the Act. |
20% |
Not Applicable |
|
4 |
Shareholder submitting certificate under Section 197 of the Act |
Rate mentioned in the certificate |
Self-attested copy of the certificate under Section 197 obtained from Income Tax Authority. The same should be valid for FY 2022-23 and should cover dividend income. |
|
5 |
Insurance Company under Section 194 of the Act. |
NIL |
a. Self-attested copy of PAN b. Copy of registration certificate issued by IRDAI c. Self-declaration in Annexure-C that the shareholder has full beneficial interest with respect to the shares owned by it. |
|
6 |
Persons covered under Section 196 of the Act (Govt, RBI, Corporations established under Central Act and exempt from Income Tax, Mutual Fund under Section 10(23D)) |
NIL |
A. Self-attested copy of PAN B. Copy of registration / exemption substantiating the applicability of Section 196 of the Act. C. Self-declaration in Annexure-C that the person is covered under Section 196 of the Act. |
|
7 |
Alternative Investment Fund (AIF) established in India |
NIL |
A. Self-attested copy of PAN B. Copy of registration certificate issued by SEBI C. Self-declaration in Annexure C that its dividend income is not chargeable under the head 'Profit and Gains of Business or Profession' and exempt under section 10(23FBA) of the Act and they are established as Category I or Category II AIF under the SEBI regulations. |
|
10% |
This rate is applicable for Category III AIF |
||
|
8 |
Any other entity exempt from withholding tax under the provisions of section 197A of the Act (including those mentioned in Circular No. 18/2017 issued by CBDT) |
NIL |
A self- declaration in Annexure-C that the person is covered under the provisions of section 197A of the Act. |
|
9 |
Any other entity entitled to exemption from TDS |
NIL |
Valid self-attested documentary evidence (e.g., copy of the relevant registration, notification, order, etc.) in support of the entity being entitled to TDS exemption. |
Non-Resident Shareholders:
|
Sl No |
Particulars |
Tax Rate |
Documents Required |
|
1 |
Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs) |
20% (plus applicable surcharge and cess) or Tax Treaty rate** whichever is lower |
Update/Verify the PAN and legal entity status asper the Act, if not already done, with the depositories. Provide declaration in Annexure-D whether the investment in shares has been made under the general FDI route or under the FPI route. Shareholders may also apply for a lower TDS rate as per the relevant Double Taxation Avoidance Agreements ('DTAA'), by submitting following documents: a. Self-attested copy of PAN, if any. If PAN is not available, information to be provided under Rule 37BC(2) of Income Tax Rules, 1962 in Annexure-E b. Tax Residency Certificate (TRC)^ obtained from the tax authorities of the country of which the shareholder is a resident, valid for FY 2022-23 (covering the period from April 1,2022 to March 31,2023); c. Duly filled and Signed Form 10F in Annexure-F d. Self-declaration for FY 2022-23 (covering the period from April 1, 2022 to March 31, 2023) as per Annexure-G from Non resident on shareholder's letterhead, primarily (not exclusive list) 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 ✓ Dividend income is not attributable/effectively connected to any Permanent Establishment (PE) or Fixed Base in India. |
|
2 |
Other Non-resident shareholders (except those who are tax resident of Notified jurisdictional Area) |
20% (plus applicable surcharge and cess) OR Tax Treaty Rate** (whichever is lower) |
Shareholders to update / verify their PAN and residential status as per the Act, if not already done, with the Depository Participant (if shares are held in DEMAT form) and with the Bank’s Share Transfer Agent i.e., Datamatics Business Solutions. To avail the lower rate, the following to be submitted: A. Self-attested copy of PAN, if any. If PAN is not available, information to be provided under Rule 37BC(2) of Income Tax Rules, 1962 in Annexure-E B. Self-Attested copy of the Tax Residency Certificate (TRC) ^ valid for FY 2022-23, obtained from the tax authorities of the country of which the shareholder is a resident. C. Duly filled and Signed Form 10F in Annexure-F D. Self-declaration for FY 2022-23 (covering the period from April 1, 2022 to March 31, 2023) from Non-resident, in Annexure-G 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; ➢ Dividend income is not attributable/effectively connected to any Permanent Establishment (PE) or Fixed Base in India; ➢ Non-resident complies with any other condition prescribed in the relevant Tax Treaty and provisions under the Multilateral Instrument ('MLI'); ➢ Non-resident does not have a place of effective management in India. Application of the beneficial rate of tax treaty for TDS is at the discretion of the Bank and shall depend upon completeness of the documentation and review of the same by the Bank. |
|
3 |
Non-Resident Shareholders who are tax residents of Notified Jurisdictional Area as defined u/s 94A(1) of the Act |
30% |
Not Applicable |
|
4 |
Submitting certificate u/s 197 (i.e. lower or NIL withholding tax certificate) |
Rate provided in the certificate |
If lower/ NIL withholding tax certificate obtained from Income tax authority is submitted, tax will be withheld at the rate specified in the said certificate, subject to furnishing a self-attested copy of the same. The certificate should be obtained on TAN of the Bank i.e., MUMU08577C, valid for FY 2022-23 and should cover dividend income. |
|
5 |
Non-resident shareholder who is a “specified person” as per section 206AB. |
40% (plus applicable surcharge and cess) |
Not Applicable |
|
6 |
Any other entity entitled to exemption from TDS |
NIL |
Self-declaration substantiating the fulfilment of prescribed conditions and Valid self-attested documentary evidence (e.g., copy of the relevant registration, notification, order, etc.) in support of the entity being entitled to TDS exemption. |
^In case, the TRC is furnished in a language other than English, the said TRC would have to be translated from such other language to English language and thereafter duly notarized and apostilled copy of the TRC would have to be provided.
** The beneficial Tax Treaty rates will not automatically apply at the time of tax deduction/ withholding on dividend amounts. Application of beneficial Tax Treaty Rate shall depend upon the completeness and satisfactory review by the Bank of documents submitted by non-resident shareholders. In case documents are found to be incomplete, the Bank reserves the right to not consider the tax rate prescribed under the tax treaty.
Notes:
1. The above-mentioned forms / declarations can be downloaded from the Bank’s RTA at https://ris.kfintech.com/form15
2. If dividend income is taxable in hands of any person other than the recipient of the dividend (e.g. Clearing member/corporations), then requisite details to be provided by way of a declaration under Rule 37BA(2) of the Income Tax Rules, 1962 in Annexure H.
3. Form 15G / Form 15H can be submitted only in case the shareholder's income tax payable on estimated total income for FY 2022-23 is NIL.
4. Lower deduction Certificate u/s 197 of the Act may be obtained under TAN of the Bank i.e., MUMU08577C.
5. Shareholders may note that all documents to be submitted are required to be self-attested (the documents should be signed by shareholder/authorised signatory stating the document to be "certified true copy of the original"). In case of ambiguous, incomplete or conflicting information, or valid information/documents not being provided, tax at maximum applicable rate will be deducted.
6. In case of any discrepancy in documents submitted by the shareholder, the Bank will deduct tax at higher rate as applicable, without any further communication in this regard.
7. Where sections 206AA and 206AB are applicable i.e. the specified person has not submitted the PAN as well as not filed the return; the tax shall be deducted at higher of two rates prescribed in these two sections.
8. In the event of a mismatch in category of shareholder (individual, company, trust, partnership, local authority, Government, Association of Persons etc.) as per register of members and as per fourth letter of PAN (10 digit alpha-numeric number), the Bank would consider fourth letter of PAN for determining the category of shareholders and the applicable tax rate/ surcharge/ education cess.
9. The shareholders are requested to upload the aforementioned documents, duly filled and signed latest by 5 PM (IST), Friday, 28th July, 2023 with Bank’s RTA at https://ris.kfintech.com/form15 in order to enable the Bank to determine and deduct appropriate TDS / withholding tax rate. No communication on the tax determination/deduction shall be entertained post Friday, 28th July, 2023.
10. Soft copy of forms 15G / 15H / any other document addressed to the Bank shall either be digitally signed or original thereof shall be sent to the Bank’s RTA at the address given below:
KFin Technologies Limited
Unit: Union Bank of India
Selenium Tower B, Plot 31 & 32
Financial District, Nanakramguda
Hyderabad – 500032
Toll free: 1800 309 4001
Website: www.kfintech.com
11. Shareholders may note that in case the tax on said dividend is deducted at a higher rate in absence of receipt, or insufficiency of the aforementioned details/documents from you, an option is available to you to file the return of income as per the Act and claim an appropriate refund, if eligible. No claim shall lie against the Bank for such taxes deducted.
12. In case of joint shareholders, the shareholder named first in the Register of Members is required to furnish the requisite documents for claiming any applicable beneficial tax rate.
13. Shareholders, whose valid PAN is updated, will be able to see the credit of TDS in Form 26AS, which can be downloaded from their e-filing account at https://www.incometax.gov.in The Bank shall not be liable to entertain any request from such shareholder and the requisite steps will have to be taken by the shareholder at his / her end only. The shareholders are required to ensure that instructions mentioned herein are duly adhered to, failing which Bank would not be able to entertain any requests for allowing any exception, whatsoever.
Thanking You
Your Faithfully,
For Union Bank of India
Sd/-
(S.K. Dash)
Company Secretary
Disclaimer: The information set out herein above is included for general information purposes only and does not constitute legal or tax advice. Since the tax consequences are dependent on facts and circumstances of each case, the investors are advised to consult their own tax consultant with respect to specific tax implications arising out of receipt of dividend.
The Shares of the Bank are listed at the following stock exchanges:
- BSE Ltd. (BSE)
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400 001 (SCRIP code - 532477)
- National Stock Exchange of India Ltd. (NSE)
'Exchange Plaza', Bandra- Kurla Complex
Bandra(E), Mumbai - 400051
(SYMBOL – UNIONBANK-EQ)
| Name of the Depository | ISIN NO. |
| National Securities Depository Ltd. (NSDL) | INE692A01016 |
| Central Depository Services(INDIA) Ltd. (CDSL) | INE692A01016 |
Physical shares:
Any change in address/bank details should be communicated in writing under the signature of first shareholder indicating Ledger Folio No., Certificate No., Number of shares held, etc. to M/s. KFin Technologies Limited
For Dividend Mandate Form please click here.
Demat shares:
You may write to your Depository Participant (DP) giving your client ID No. for change of address/Bank details.
Union Bank of India
Erstwhile Andhra Bank
Erstwhile Corporation Bank
|
Non-Receipt/Loss of Dividend Warrant
Write to M/s KFin Technologies Limited, RTA under your signature, furnishing details like Ledger Folio No., Certificate. No, Number of shares and period for which dividend is not received, if the shares are held in physical form. For Indemnity Form please click here.
If the shares are held in demat form, and dividend is not received, re-check details furnished to the depository – your account no., MICR code of your branch, residential address, etc. Then, take up the matter with RTA.
Shareholder may also send Bank details alongwith the Dividend Warrant to credit the dividend amount directly in account of shareholder in case of Physical shares.
- Criteria of making payments to Non- Executive Directors
- Please click here for the document