General Information

Exemption from Tax Deduction at Source (TDS)

In Finance Act 2023, an amendment has been made to omit the clause IX of section 193 of Income Tax Act 1961 w.e.f. 01 April 2023. Accordingly, TDS is to be deducted w.e.f. 1st April 2023 on interest payable to resident payee on listed securities issued by NHPC Ltd.

IMPORTANT COMMUNICATION - Interest on convertible debentures- TDS u/s 193 w.e.f. 1st April 2023

Information on Investors’ Education & Protection Fund

As per Section 125 of the Companies Act, 2013, statutory provisions call for transfer of the following amount to the credit of Investors’ Education and Protection Fund, if the same are lying unclaimed and unpaid for a period of seven years from the dates they first became due for payment:

  • Amounts in the unpaid dividend accounts of companies.
  • The application moneys received by companies for allotment of securities and due for refund.
  • Matured deposits with companies.
  • Matured debentures with companies.
  • The interest accrued on the amounts referred to in clauses a) to e) above.

It has also been provided that no claims shall lie against the Fund or the Company in respect of individual amounts which were unclaimed and unpaid for a period of seven years from the dates that they first became due for payment, and no payment shall be made in respect of any such claim.


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