Page 241 - Interloop Annual Report 2018-2019

has been allowed in electronic format through email. x. Requirement of Companies xiii. Withholding Tax On Dividend xv. Details of Beneficial Ownership
SECP through its SRO.470(I)/2016 dated May 31, 2016 have (Postal Ballot) Regulations 2018 Government of Pakistan through Finance Act, 2019, has Attention of corporate entities / legal persons is also invited
allowed companies to circulate their annual balance sheet, Pursuant to Companies (Postal Ballot) Regulations 2018, made certain amendments in withholding tax provision by towards SECP Circular No. 16 and 20 of 2018. Respective
profit and loss account, auditor’s report and directors’ report for any other agenda item subject to the requirements of substituting the definition of “Filers” with “Active Taxpayer shareholders (corporate entities / legal persons) are advised
to its members through CD/DVD/USB at their registered Sections 143 and 144 of the Companies Act 2017, members List” (ATL), whereby the company is required to collect tax to provide the information pertaining to ultimate beneficial
addresses. In view of the above the Company has sent its present in person, through video-link or by proxy, and having on dividend under Section 150 of the Income Tax Ordinance, owners and / or other information as prescribed in the subject
Annual Report to the shareholders in the form of CD/DVD. not less than one-tenth of the total voting power can also 2001 from the person not appearing in the ATL at the rates SECP Circulars to the Share Registrar of the Company.
Any Member can send request for printed copy of the Annual demand a poll and exercise their right of vote through postal specified in the Ordinance as increased by 100%. These tax
Report to the Company on standard request form placed ballot, that is voting by post or through any electronic mode, rates are as under: xvi. Zakat Declaration (CZ-50)
under the Investor Information section on its website: in accordance with requirements and procedure contained (a) For persons appearing in Active Taxpayer List 15.0% Zakat will be deducted from the dividends at source at
https://www.interloop-pk.com/forms-notices- in the aforesaid regulations. (b) For persons not appearing in Active Taxpayer List 30.0% the rate of 2.5% of the paid-up value of the share (Rs. 10
announcements// each) and will be deposited within the prescribed period
xi. Payment of Cash Dividend Shareholders who are flers, are advised to make sure that with the relevant authority. In case of claiming exemption,
viii. Placement of Financial Electronically (E-Dividend their names are entered into latest ATL provided on the please submit your Zakat Declaration under Zakat and
website of FBR at the time of dividend payment, otherwise
Ushr Ordinance, 1980 and Rule 4 of Zakat (Deduction and
Statements on Website Mechanism) they shall be treated as person not appearing in ATL and tax Refund) Rules, 1981, CZ-50 Form with our Share Registrar.
The Financial Statements of the Company for the year ended As per provision of Section 242 of Companies Act, 2017 on their cash dividend will be deducted at the rate of 30% Physical shareholders are requested to submit the said
June 30, 2019 along with reports have been placed on the any dividend payable in cash shall only be paid through instead of 15%. declaration to our Share Registrar in the proper manner.
website of the Company: electronic mode directly into the bank account designated by The Shareholders must write Interloop Limited’s name and
their respective CDS A/C # or Folio numbers on Zakat
https://www.interloop-pk.com/wp-content/ the entitled shareholders and SECP vide S.R.O.1145(I)/2017 xiv. For Joint Shareholders Declarations at relevant place.
uploads/2019/09/ANNUAL-AUDITED-FINANCIAL- (as amended) directed all shareholders to provide their valid For shareholders holding their shares jointly as per the
STATEMENTS-AND-REPORT-2019.pdf International Bank Account Numbers (IBAN) to receive cash clarifcation issued by the Federal Board of Revenue,
dividend electronically. withholding tax will be determined separately as per status
ix. Consent for Video Conference The shareholders are hereby advised to provide details of of their names appearing in the ATL for principal shareholder
Facility their bank mandate specifying: (i) Title of Account, (ii) IBAN, as well as joint-holder(s) based on their shareholding
proportions. Therefore, all shareholders who hold shares
(iii) Bank Name, (iv) Branch Name and Address to the
Pursuant to Section 132(2) & section 134(b) of the Company’s Share Registrar, shareholders who hold shares jointly are required to provide shareholding proportions of
Companies Act, 2017, if company receives consent with Participants/CDC are advised to provide the mandate principal shareholder and joint-holder(s) in respect of shares
form from shareholders holding aggregate 10% or more to the concerned Broker/Participant/CDC Investor account held by them to our Share Registrar in writing as follows:
shareholding residing at geographical location to participate services.
in the meeting through video conference at least 7 days Interloop Limited
prior to the date of meeting, the company will arrange video The form for providing such information has been made
conference facility in that city subject to availability of such available under the Investor Information section at Principal Joint Shareholder
facility in that city. To avail this facility please provide following Company’s website https://www.interloop-pk.com/ Shareholder
information and submit to registered office of the Company:
forms-notices-announcements/ Shareholding Shareholing
Folio/CDC Name Name
I/We, __________________________________ of Account Total and Proportion and Proportion
_________________, being a member of Interloop xii. Unclaimed Dividends # Shares CNIC (Number. of CNIC (Number. of
Limited, holder of __________________________ ordinary As per the provision of section 244 of the Companies Shares) Shares)
share(s) as per Registered Folio/CDC Account No. Act, 2017, any shares issued or dividend declared by the
______________________ hereby opt for video conference Company which have remained unclaimed/unpaid for a
facility at ____________________________.
period of three years from the date on which it was due and
payable are required to be deposited with the Commission
_____________________
for the credit of Federal Government after issuance of notices
to the shareholders to file their claim.
Signature of Member
Shareholders are requested to ensure that their claims for
unclaimed dividend and shares are lodged timely. In case,
no claim is lodged with the Company in the given time, the
Company shall proceed to deposit the unclaimed/unpaid
Interloop Limited to the provision of Section 244 (2) of Companies Act, 2017. Annual Report 2018-19
amount and shares with the Federal Government pursuant

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