Meezan Bank : NOTICES OF BOOK CLOSURE FOR THE ENTITLEMENT OF 30% INTERIM CASH DIVIDEND FOR SHAREHOLDERS OF MEEZAN BANK
April 26, 2023 at 03:05 pm IST
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Published nationwide in newspaper namely "Business Recorder" on Friday, April 21, 2023
Notice of Book Closure for 30% Interim Cash Dividend
We are pleased to inform our valued shareholders that the Board of Directors of Meezan Bank Ltd in its meeting held on April 18, 2023 has declared Interim Cash Dividend of Rs. 3/- per share i.e. 30%.
To determine the above entitlement, the Share Transfer Books of Meezan Bank Ltd. will be closed from May 2, 2023 to May 4, 2023 (both days inclusive). Transfer requests received at the close of business on April 28, 2023 will be treated in time for the purpose of the above entitlement to the transferees.
The Government of Pakistan has made certain amendments in Section 150 of the Income Tax Ordinance 2001 whereby different rates are prescribed for deduction of withholding tax on the amount of dividend paid by the companies/banks. These rates are as per law.
To enable the Bank to make tax deduction on the amount of Cash Dividend, all the members whose names are not entered into Federal Board of Revenue (FBR)'s Active Tax-Payers List (ATL), despite the fact that they are tax return filers are advised to make sure that their names are entered into ATL, before the date of book closure for cash dividend, otherwise tax on their cash dividend will be deducted as non-filer.
All shareholders who hold shares jointly are requested to provide shareholding proportions of Principal shareholder and Joint-holder(s) in respect of shares held by them to our Share Registrar, in writing as follows:
Folio/
CDC
No.
Total
Shares
Principal Shareholder
Joint Shareholder(s)
Name &
Shareholding
Name &
Shareholding
CNIC No.
Proportion
CNIC No.
Proportion
(No. of Shares)
(No. of Shares)
The required information must reach our Share Registrar by the close of business (05:30 p.m.) on April 28, 2023, otherwise it will be assumed that the shares are equally held by Principal shareholder and Joint Holder(s) and tax will be deducted according to proportionate holding of each shareholder as clarified by the FBR vide its clarification letter No. 1(54)Exp/2014-132872-R dated September 25, 2014. Shareholders claiming tax exemption under clause 47(B) of Part IV of the Second Schedule of Income Tax Ordinance, 2001 are requested to provide valid exemption certificate under section 159 (1) of the Income Tax Ordinance, 2001 to our Shares Registrar (latest by April 28, 2023) as required vide FBR clarification letter No. 1(43)DG (WHT)/2008-Vol.II-66417-R dated May 12, 2015.
By Order of the Board
Karachi:
Muhammad Sohail Khan
Company Secretary
April 21, 2023
Published nationwide in newspaper namely "Daily Express" on Friday, April 21, 2023
30
3
2023
18
30
2023
4
2023
2
2023
28
150
2001
(ATL)
FBR
ATL
2023
28
05:30
FBR
2014
25
1(54) Exp/2014-132872-R
47(B)
IV
2023
28
159(1)
2001
FBR
1(43) DG(WHT)/2008-Vol.II-66417-R
2015
12
2023
21
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Meezan Bank Ltd. published this content on 26 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2023 08:36:05 UTC.
Meezan Bank Limited (the Bank) is a Pakistan-based scheduled Islamic commercial bank. The Bank is engaged in corporate, commercial, consumer, investment and retail banking activities. The Bank has approximately 983 branches. The Bank's products and services include deposit products, alternate distribution channels, branchless banking, priority banking, consumer financing, transaction banking and financing products. Its deposit products include Meezan Rupee, Meezan Asaan, Meezan Express, Meezan Kids Club, Meezan Teen Club, Meezan Senior Citizen, Meezan Labbaik, Meezan Kafalah and Meezan Bachat. Its alternate distribution channels include Meezan Mobile Banking App, Meezan Internet banking, SMS alerts, SMS banking, Meezan Visa Debit Cards and Meezan Mastercard Debit Cards. The Bank's financing products include Murabaha, Musawamah, Istisna, Commodity Salam, Tijarah and Diminishing Musharakah. Its consumer financing includes Car Ijarah, Meezan Apni Bike and Meezan Roshan Apna Ghar.