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  • Dividend Approval Certificate R-1269-2021

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    Anurag jha
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    Magnon Solutions Private Limited has approved a total dividend payment of 119,149,200 Indian rupees to be paid to its shareholders. 74% of the dividend, or 88,171,664 rupees, will be paid to shareholder TBWA Singapore Pte Ltd and will be subject to a 10% withholding tax. The remaining 26% of the dividend, or 30,977,536 rupees, will be paid to an unrelated foreign entity that owns less than 10% of Magnon Solutions and will also be subject to a 10% withholding tax. This approval is based on Magnon Solutions confirming they have enough retained earnings to pay the dividend and received proper regional approval.

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    Magnon Solutions Private Limited has approved a total dividend payment of 119,149,200 Indian rupees to be paid to its shareholders. 74% of the dividend, or 88,171,664 rupees, will be paid to shareholder TBWA Singapore Pte Ltd and will be subject to a 10% withholding tax. The remaining 26% of the dividend, or 30,977,536 rupees, will be paid to an unrelated foreign entity that owns less than 10% of Magnon Solutions and will also be subject to a 10% withholding tax. This approval is based on Magnon Solutions confirming they have enough retained earnings to pay the dividend and received proper regional approval.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    8 views1 page

    Dividend Approval Certificate R-1269-2021

    Uploaded by

    Anurag jha
    Magnon Solutions Private Limited has approved a total dividend payment of 119,149,200 Indian rupees to be paid to its shareholders. 74% of the dividend, or 88,171,664 rupees, will be paid to shareholder TBWA Singapore Pte Ltd and will be subject to a 10% withholding tax. The remaining 26% of the dividend, or 30,977,536 rupees, will be paid to an unrelated foreign entity that owns less than 10% of Magnon Solutions and will also be subject to a 10% withholding tax. This approval is based on Magnon Solutions confirming they have enough retained earnings to pay the dividend and received proper regional approval.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    OmnicomGroup

    _
    Dividend Payment Request Approval Certificate
    _
    _
    Entity declaring/paying the dividend: Magnon Solutions Private Limited
    _
    LEN: 005654
    _
    Hyperion number: 4inMGNONcon
    _
    Local Currency: Indian Rupee
    _
    Total Dividend Amount Approved to be Paid: 119,149,200
    _
    Approval Number: A-1269-2021
    _
    Date of Approval: 10/20/2021
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    Date of Expiry: 12/31/2021
    _
    _
    This approval is based on the information you have entered into your dividend payment request
    application form, specifically the "Yes" answers when asked "Do you have enough retained
    earnings/profits to pay this dividend?" and "Have you received formal regional network approval
    for this dividend?". If the information you have provided is incorrect then this approval is VOID.
    _
    _
    Recipient Details
    Shareholder (LEN & Entity Name) End of Year (2020) Gross Dividend Amt Withholding Tax %
    % ownership
    000U42 - TBWA Singapore Pte Ltd 74.00000000% 88,171,664 10.00000000%
    000U42 - TBWA Singapore Pte Ltd 0.00000000% 0.00000000%
    UNRFRN - Unrelated Foreign Entity under 10 26.00000000% 30,977,536 10.00000000%
    pct owned
    Total: 119,149,200

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