Announcement Regarding Uncollected Cash Dividends by Shareholders Of National

Corporation for Tourism & Hotels That are held with the Company for the

Period before 1 March 2015With reference to the directives issued by the Securities and Commodities Authority regarding uncollected cash dividends by shareholders of local listed public joint stock companies that are held with these companies for the period prior to March 1, 2015,

National Corporation for Tourism & Hotels Co (PJSC) invites its shareholders whose shares are registered at Abu Dhabi Securities Exchange to visit the following link to verify if the shareholder’s name exists and is eligible for cash dividends (https://ar.ncth.com/investorrelations/companyinformation).

The shareholder who has not collected cash dividends for the periods prior to March 1, 2015 should approach the company with the following documents to collect the unclaimed cash dividends:

1. A letter signed by the shareholder or his legal representative addressed to the Company and which includes a request to issue a cheque or make a bank transfer of the cash dividend amount.

2. Original Emirates ID of the shareholder and a copy thereof or the original passport of the shareholder and a copy thereof.

3. In the case of a general or a special power of attorney from the shareholder to a third party attorney, please provide the original POA duly notarized at the notary public together with a copy thereof, as well as the original Emirates ID of the attorney and a copy thereof or the original passport of the attorney and a copy thereof.

4. Any other requirements from the company.

Please note that effective February 14, 2021, dividends unclaimed by their beneficiaries will be transferred to the Securities and Commodities Authority, which will be responsible for disbursing the cash dividends to eligible shareholders upon claiming them. The Authority will publish a statement on the Authority and financial markets websites, explaining that it will assume this role and the details of it in due course.

KOCHI: Despite the economic blues precipitated by the COIVD-19 pandemic the world over, banks in Kerala are flush with funds from Non Resident Indians (NRIs) with deposits registering one of the highest growth rates in the recent times, accord-ing to media reports.

For the first time, NRI deposits have surpassed Rs2 trillion or 2 lakh crore in the banks.

As per the latest figures of State Level Bankers Committee (SLBC) report, the total NRI deposit in the banks in the state was 218,247.02 crore on June 30, 2020.

This represents a 13.5 per cent year-on-year jump. Last year deposit growth was just over nine

per cent compared to the previous year. On June 30, 2019, the total NRI deposits in the Kerala banks was pegged at 192,254.44 crore. From June 2019 to December last year, NRI deposits grew by about four per cent, reports said.

The money flow has stabilised in the last few months with many NRIs, particularly in the Gulf

countries, returning to the state. April 2020 saw the NRI deposit flow at its peak. But after June it has stabilised.

With economic activity slowly inching back to normal, banks are hopeful of maintaining the growth momentum in coming months as many NRIs are likely to resume duties abroad.

In an unexpected turn of events, banks saw sharp rise in NRI deposit level the early months of 2020, when coronavirus started gripping countries after countries.

“Rise of dollar rates and Corona pandemic fear caused a rush of funds into the banks. Per-haps, the depositors felt that bank was a safe and secure option. However, with less activities such as house construction or marriages, there has been hardly any withdrawal,” State Bank of India (SBI) assistant general manager Ajayakumar said. The SBI accounts for largest share of NRI deposits in the state.

AM Abdussalam

NRI deposits increase amid virus pandemic

Cinema houses opened without any new re-leases and without any audience on Tuesday in Tamil Nadu, eight months after they were shut as the national lockdown over COVID-19 pandemic began. The government allowed opening of cinema halls from Nov.10 with 50 per cent occupancy and the Standard Operating Procedures (SOP).

Tamil Film Active Producers Association (TFAPA), however, announced that there will be no new Tamil movie releases until the Virtual Print Fee (VPF) charges demanded by digital service providers are taken care of by the theatre owners.

The theatre owners insisted they will not pay, and decided to release old films.

This is the first time that a festival season goes without a new Tamil film.

While prominent actor set his latest Soorarai Pottru for Deepavali, the theatres revived old titles like Oh My Kadavule, Kan-num Kannum Kollayadithaal, Dharala Prabhu, Joker and My Spy.

At the same time, Qube Cinema, a lead-ing provider of end-to-end digital cinema

technology solutions, has announced a 100 per cent waiver of Virtual Print Fee for the month of November 2020 for all filmmakers to help release new movies post the lockdown.

“The COVD-19 pandemic has brought cinema production and distribution to a grinding halt.

As different industries are slowly resuming business, Qube believes that it is imperative that all stakeholders in the industry sup-port each other during the revival.” VPF is the subsidy paid by a film distributor or an exhibitor towards the purchase of a digital cinema projection equipment.

Bharathiraja, president of the Tamil Film Current Producers’ Association, has said that it has been decided to release new films only two weeks after the VPF fee has been suspended.

“We are committed to ensuring that VPF does not release paid images,” he said.

Bharathiraja said in a statement: “Making movies is all about releasing it. The exis-tence of film industry associations is for the benefit of its members. As our association’s

position on VPF was announced yesterday, as a wolf cry story as the goat gets wet, digital projection companies have suddenly announced that the VPF fee is temporarily absent for 2 weeks.

“It is not our intention to affect the pro-ducers or the theaters in a situation where we have a partnership with the theaters. Considering this as our small success even if it is used by the producers for at least 2 weeks even though the digital companies have manipulatively waived the VPF fee, we have decided to screen our new movies only for these 2 weeks without VPF fee. At the same time we are adamant that VPF does not screen building images. We are also determined to reach a good stable solution soon.”

Meanwhile Kollywood was more focused on what happens on superstar Vijay’s political entry. After his father SA Chandrasekhar announced forming political party in Vijay’s name, the ac-tor on Tuesday chose to hold a meeting with district secretaries of Vijay Makkal Iyakkam.

The meeting took place at his Panayur

guest house on ECR. Vijay discussed about his father SAC alleging that Makkal Iyakkam in-charge Bussy Anand to be misleading the actor and creating a divide between him and SAC.

A few days ago, Vijay released a strongly-worded statement asking his fans to not join the party just because it was founded by his father and made it clear that he is in no way related to the party or its activities.

In reply, SAC said he started the party to make Vijay’s fans feel upbeat.

“Vijay’s people movement was started in 1993. It isn’t an entirely new organisation. What started as a chain of fan clubs got transformed into a people’s movement in later days. I felt the time was right to convert it into a political party and that this decision would make Vijay’s fans feel upbeat and give them a sense of recognition.”

Asked why Vijay had to warn his father of legal action if he was aware of the hap-penings, SAC said, “Well, that was just his personal statement.”

Nirmala Joseph

TRIVANDRUM: The Kerala High Court (HC) has granted anticipatory bail to three women activists accused of assaulting a vlogger for uploading derogatory videos.

They moved the HC after a lower court rejected their plea saying “it would give a wrong message that anybody can resort to such vandalism to oppress their opponents.”

Justice Ashok Menon directed police to release Diya Sana, Sreelakshmi Arackal and Bhagyalakshmi if arrested after obtaining sure-ties complying with the specified conditions.

The HC judge had on Oct.23 while reserving the judgement after hearing both sides remarked that vigilantism could not be encouraged.

“Not proper to take the law into your hands even if the other person has said the nastiest of things,” Justice Menon told their lawyer.

“Why are you shying away from going to jail?

Why don’t you cooperate with the investigation and face the consequences of going into jail?”

The three on Sep.26 barged into the hotel room of Vijay P Nair, attacked him and took away his computer.

They also live-streamed their act on Facebook.They said they were forced to do this as the

police ignored their complaint against his video with lewd comments against Bhagyalakshmi, an award-winning dubbing artist.

The issue became a topic of heated debate in Kerala with many women in public life with similar experience coming out in support of these women.

The police soon booked them on charges of “house-trespass with preparation for assault” and robbery under the Indian Penal Code on Nair’s complaint.

Ashraf Padanna

Activists get bail invlogger attack case

TN cinema halls empty as they reopen after 8 months

Film producers association announces that there will be no new movie releases until the Virtual Print Fee charges demanded by digital service providers are taken care of by the theatre owners

CHeNNAI

A worker cleans a skeletal frame of an elephant on display at a museum that reopened after several months in Chennai on Tuesday.Agence France-Presse

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www.gulftoday.ae10 instagram / facebook / twitter @gulftoday Wednesday, November 11, 2020

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