Paying a Dividend to a Non-resident
The money goes out freely, but only after the tax is withheld, the treaty file is complete and the AD bank has every document on its list, and the thirty-day clock in s.127 does not pause while you assemble them.
- 6 pages
- 123
- Word and PDF
- 12 September 2026
The 3 formats inside
- 1Dividend remittance pack, checklist for the AD Category-I bankCurrent account transaction · FEM (NDI) Rules 2019On its own₹149
- 2Declaration of no permanent establishment and beneficial ownerships.393(2) · DTAA dividend articleOn its own₹149
- 3Request letter to the AD Category-I bank for remittance of dividendCurrent account transactionOn its own₹149
Read the opening
The first part of “Dividend remittance pack, checklist for the AD Category-I bank”, as it downloads. Blanks are highlighted.
Internal checklist — to be completed and filed before the remittance application is submitted
Company: [ABC Private Limited] · CIN [Company's CIN] · PAN [Company's PAN] · TAN [Company's TAN]
Shareholder: [Non-resident shareholder's name], resident of [country] · Shares held: [Number of equity shares held] · Basis: [Repatriation / Non-repatriation]
Dividend declared on: [Date the dividend was declared] · Last date for payment under s.127: [Last date for payment under s.127]
AD Category-I bank: [AD Category-I bank's name], branch [Bank branch] · Account: [separate account under s.123(4), A/c no. ____]
# | Document | Reference / date | Held |
|---|---|---|---|
1 | Application-cum-declaration for outward remittance in the bank's format, with the dividend purpose code | [____] | [Y / N] |
2 | Request letter to the AD bank on the company's letterhead | Dated [DD.MM.YYYY] | [Y / N] |
3 | Certified copy of the resolution declaring the dividend [members' ordinary resolution / Board resolution] | Dated [DD.MM.YYYY] | [Y / N] |
4 | Audited financial statements for the year [2025-26] with the auditor's report | [____] | [Y / N] |