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Attempt the following. Write a letter to the member for the payment of Interim dividend electronically. - Secretarial Practice

Answer in Brief

Attempt the following.

Write a letter to the member for the payment of Interim dividend electronically.

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Registered Office: 31, Tulsi Complex, Lodhi Road, Camp, Pune - 411 001.
CIN: L40103 MH 1999 PLC300477

Phone: 020-24032844
Fax: 020-24356101
Ref. No. S/MR-D/12/19-20

Date: 3rd June, 2019

Mr. Jayant Modi
15, Sagar Apartment
Van Vihar Road
Pune - 411 030.

Sub. : Payment of Interim Dividend through Electronic Clearing Service (ECS), Direct Credit/NEFT

Dear Sir,
    We are pleased to inform you that the Board of Directors of Gurusai Auto Limited in its meeting held on Thursday, 28th May 2019 has declared Interim Dividend @ Re. 1/- (i.e. 10%) per equity share of face value of Rs. 10/- each.

As per the instructions given by you (either in person or through Depository Participant), we have remitted the amount of aforesaid Interim Dividend to your Banker for crediting your Bank Account, i.e. Dividend will be payable by electronic transfer. Your company has complied with all the provisions relating to the declaration and payment of dividends.

Details of the Dividend payable to you are given below -

1 2 3 4 5 6
No. of Equity Shares held on Record Date (May 31st, 2019) Dividend Per Share (₹) Dividend Amount (₹) DPID and Client ID No. Date of Remittance Bank A/c. (BOB)
500 1 500 12033 200074 79005 6th June, 2019 5656000 22105 Bank of Baroda

Please verify the credit of amount in your Pass Book/Statement of accounts.

As per the provisions of the Income Tax Act, 1961 no tax is required to be deducted at source in respect of Dividend payment, but dividend Distribution Tax has been paid by the Company.

Thanking you,

Yours faithfully,          
For Gurusai Auto Limited


(Mr. Jitesh M. Gandhi)    
  Company Secretary      

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Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 6 Correspondence with Members
Exercise Q.5 | Q 4 | Page 103
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