The Bank Accounts of Subway Finance and Investment Co. Ltd have been seized due to a notice received by the company's Promoter and Managing Director, Kaipesh Shah, under Section 226(3) of the Income Tax Act of 1961. The notice was received regarding material events that must be disclosed under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements regulations of 2015. Subway Finance and Investment Co. Ltd is required to disclose the seizure of its bank accounts to the Bombay Stock Exchange.
The Bank Accounts of Subway Finance and Investment Co. Ltd have been seized due to a notice received by the company's Promoter and Managing Director, Kaipesh Shah, under Section 226(3) of the Income Tax Act of 1961. The notice was received regarding material events that must be disclosed under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements regulations of 2015. Subway Finance and Investment Co. Ltd is required to disclose the seizure of its bank accounts to the Bombay Stock Exchange.
The Bank Accounts of Subway Finance and Investment Co. Ltd have been seized due to a notice received by the company's Promoter and Managing Director, Kaipesh Shah, under Section 226(3) of the Income Tax Act of 1961. The notice was received regarding material events that must be disclosed under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements regulations of 2015. Subway Finance and Investment Co. Ltd is required to disclose the seizure of its bank accounts to the Bombay Stock Exchange.
The Bank Accounts of Subway Finance and Investment Co. Ltd have been seized due to a notice received by the company's Promoter and Managing Director, Kaipesh Shah, under Section 226(3) of the Income Tax Act of 1961. The notice was received regarding material events that must be disclosed under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements regulations of 2015. Subway Finance and Investment Co. Ltd is required to disclose the seizure of its bank accounts to the Bombay Stock Exchange.
Subject: Intimation about the material event pursuant to Reculation
- 30 of SEBI (LODR), 2015.
Dear Sir/ Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, it is hereby informed that the Bank Accounts of the Subwav Finance and I~-i\.estmentCo. Ltd are seized due to t l ~ tNotice recei\.cd b~rMr. Kaipesh Shah, Promoter and Managing Director of the Company u n e r Section 226(3) of the Income Tax Act, 1961.
Kindly take t h e s a m e o n y o u r records.
For S u b w a y Finance & I n v e s t m e n t Co. Ltd.
-,. C -
Mayur Kantilal Shah
Director & Compliance Officer DIN: 01227368 Address: 7, Nath Krupa, 2nd, Floor, Opp A.T.1, P.N. Purav M, Mumbai--200022