Clarifies on New Item [Company Update]
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Transcript of Clarifies on New Item [Company Update]
8/20/2019 Clarifies on New Item [Company Update]
http://slidepdf.com/reader/full/clarifies-on-new-item-company-update 1/2
€9#r
1985
-
2015
09 September
2015
To,
The Corporate Relations Department
The Bombay
Stock
Exchange
Phiroze
Jeej
eebhoy Towers,
'Dalal
Street,
Mumbai- 40000'1,
Sub: Clarification on news
in
media relating
td
name
of
company
published
in
official
gazette
of Swiss Government.
With reference to the news appearing in media
about
the
name
of
the Company
published
in
the
official
gazette of the Swiss
government for
which
the tax
authorities in
India have sought information
from their
counterparts
of Switzerland,
It
is
hereby
clarified that:
The
Company
had
opened
the
account with Investec
Bank,
(Switzerland),
AG
on
08.05.2011
with
an
objective
to raise
funds for
the
Company.
The said account had
never
been funded.
Hence,
was closed
on
18.02.2012by the Bank.
During
the search
u/s
132(1)
of the Income
Tax Act
1961,
conducted
on 27t
February
2015,
the Income Tax
Departrnent
got the details
of this
account
from
the
official records
'of
the Company.
Upon
enquiry
from
the IT departrnen
the Company submitted
the
details
of
the
accouht alongwith account
statements and closure
of
the
account.
As
standard
procedure,
the
Department
gets
such
information
verified
by the counterpart
in other
Countries. Therefore
as
a
part
of
the bilateral
treaty
for
administrative
assistance
and
exchange
of
information
between Switzerland
and India,
The
IT
department
has
requested to Swiss
Authorities
to confirm
the
details
of
the
said
account.
As
per
the
notification
published
in official
gazette
ol the Swiss
government,
will
have 30 days'
time
to appeal against
"administrative
assistarce"
by
Federal Tax
Administration.
NEO
CORP@
INTERNATTONAL
LIMIIED
.
Goverment
Recognised
Export
House
.
ISO
9001:2008 &
ISO
22000:2005 Certified
.
8RC/IOP Certified
Neo
Corp
the
Swiss
Registered Office:
220 Mahavir
lndustiral Estate,
Off Mahakali Caves
Road,
Andheri
(E),
Mumbai
-
400 093, Maharashtra I
Pi
+91
22 2687
9510
|
F:
+91
22 2687
9510
|
Corporate
Office
&
Works:
Plot
No.
62-63
lndustrial
Area Sector 1,
Pithampur, Dist. Dhar
-
454 775, Madhya Pradesh
lN
P|
+917292410
400
(2
lines)
|
Fi
+91
7292 42o 299
|
www.neocorp.co.in
8/20/2019 Clarifies on New Item [Company Update]
http://slidepdf.com/reader/full/clarifies-on-new-item-company-update 2/2
1985
-
2015
The Company
has decided
not
to
go for an appeal
so that IT DePartment
gets the,
.requisite
confirmation
as
soon
as
possible.
It may be
noted
that the Company
is
committed
to
inform
promptly
to the
Exchange
.any
event/information
that
may be having
a bearr4g on the operation/
performance
of
the Company.
"
For Neo
Corp
Chairman
&
ffimf8mh*^'
.
Goverment
Recognised Export
House
.
lso 9001:2008 &
ISO
22000:2005 Cerlitied
.
BRC/lOP Certified
cEN
:
L2-q
t321f)
Pl
lq
e'S
2-2-3
2-2-o
Registered
Olftce:220
Mahavir
lndustiral
Estate,
Off
Mahakali Caves
Road, Andheri
(E),
Mumbai-
400 093,
Maharashka
IND
-
Pi
+g1
22
2687
g51d
I
F:
+91
22 2687
g51o
I
E: [email protected]'iri
Corporate
Office &
Works:
Plot No. 62-63
lndustrial
Area
Sector 1, Pithampur,
Dist. Dhar
-
454 775,
Madhya Pradesh
INDIA
'
Pi+917292410
400
(2
lines)
|
F:+91
7292 420
299
|
www.neocorP.co.in