Corporate News
Petronet LNG Limited has received declarations from a shareholder regarding tax residency and beneficial ownership of shares, ensuring proper tax withholding on dividends. The filings, which include Form 41 and several annexures, confirm the shareholder’s residency in a foreign country and their entitlement to benefits under a relevant double taxation avoidance agreement. A key element of the declarations is the assertion of beneficial ownership, confirming the shareholder’s right to receive dividend income and lack of a permanent establishment in India. The shareholder has also agreed to indemnify Petronet LNG against potential penalties arising from reliance on the provided information, and a copy of the shareholder’s tax residency certificate is included.