Indus Motor (Toyota) Notice to Shareholders: Update CNIC, CDC Account, IBAN and Tax Status
Indus Motor (Toyota) Notice to Shareholders · Lahore · Nawa-i-Waqt,
Notice advertisement published in Nawa-i-Waqt on Monday, 7 September 2026, listed under Lahore. Issued by Indus Motor (Toyota) Notice to Shareholders.
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Issuer: Indus Motor Company (Toyota). Purpose: Important shareholder instructions to update identity, CDC account and bank details to ensure receipt of dividends and compliance with statutory requirements.
Shareholders and beneficial owners must ensure their CNIC/NICOP and CDC participant/sub‑account details are valid and recorded in the CDC system in accordance with Section 243 of the Companies Act, 2017. Holders should also provide an IBAN linked to their bank account and keep their Active Taxpayers List (ATL) / filer status up to date to avoid enhanced withholding.
| Required Action | Details |
|---|---|
| Update CNIC / identity | Submit valid CNIC (or applicable national identity document) so CNIC is reflected against the CDC sub‑account as required by Companies Act, 2017 (s.243). |
| Provide IBAN / bank mandate | Provide correct IBAN for payment of cash dividends to avoid payment delays. |
| Ensure CDC participant/sub‑account details are correct | Update details through your broker/CDC participant or the CDC Share Registrar (CDCShare Registrar Services Limited) as applicable. |
| Tax status / ATL | Maintain Active Taxpayer (filer) status to qualify for lower withholding rates; non‑filers face higher deduction at source. |
Withholding tax information contained in the notice: filers are subject to a lower withholding rate (15%) while non‑filers face a higher rate (30%) on relevant payments (as stated in the notice).
Registrar / processing: The notice refers to CDC Share Registrar Services (CDCSRSL) and the Central Depository Company (CDC) procedures for updating records. Shareholders should contact their CDC participant / broker or the company’s registrar to submit updates and for any clarifications.
Legal reference: Companies Act, 2017 (Section 243) is cited in relation to CNIC/identity requirements for transmission/payment.
Published in Nawa-i-Waqt on Monday, 7 September 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
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