Section 10. In the case where the Chairman is unable to perform
his duties, the Vice Chairman shall act on his behalf. If the Chairman
and the Vice Chairman are unable to perform their duties, the Secretary
General shall convene the meeting in order that a member may be elected
to act on behalf of the Chairman.
Section 11. In the performance of duties under this Act, the
Board may authorise the Office to act on its behalf, appoint subcommittees
to perform any assigned duties, or summon any person
concerned to give facts, explanations, advice or opinions.
The provisions of section 9 shall apply mutatis mutandis the
meetings of the sub-committees.
Upon completion of the assigned duties under paragraph one, the
Office or the sub-committees, as the case may be, shall report to the
Board.
Section 12. Members, advisors and members of sub-committees
shall be entitled to receive such remuneration as may be prescribed by
the Council of Ministers.
Section 13. The Office shall be administered by the Secretary
General who shall be responsible for the administration of the office and
directly under the Prime Minister. There shall be Deputy Secretary
General (s) and there may also be an Assistant Secretary General to
assist the Secretary General in carrying out his duties.
The Secretary General, Deputy Secretary General (s) and Assistant
Secretary General shall be ordinary civil servants.
The Office shall have the following powers and duties:
(1) to perform such functions as may be resolved or assigned to it by the Board;
(2) to undertake works to publicise investment potentials and
induce investments in those activities which are important and
beneficial to economic and social development, and security of
the country;
(3) to establish an Investment Services Centre to assist prospective
investors and investors in obtaining permissions and services
related to investment which include facilities and assistance to
prospective investors in the implementation of investment
projects;
(4) to appraise projects requesting promotion, supervise, control,
and evaluate promoted investment projects;
(5) to conduct studies and research in identifying investment
opportunities, prepare feasibility reports, and formulate an
investment promotion programme;
(6) to study and compile data relating to investment on the
Kingdom;
(7) to perform other duties in the furtherance of the objectives of
this Act.
Section 14. A competent official shall have the power to enter the
premises of the applicant and of the promoted person during working
hours for inquiry of fact from any person on such premises or
examination of any document or thing relating to the activity in which
the promotion is being sought or has been granted, as may be necessary.
In the case where the competent official intends to enter the
premises, referred to in paragraph one, the applicant or the promoted
person shall, except in case of urgency, be notified in writing at a
reasonable time in advance.
Chapter 2
Applying for and Granting of Promotion
Section 16. The activities which are eligible for investment
promotion by the Board are those which are important and beneficial to
the economic and social development, and security of the country,
activities which involve production for export, activities which have high
content of capital, labour or service or activities which utilise agricultural
produce or natural resources as raw materials, provided that in the
opinion of the Board, they are non-existent in the Kingdom, or existent
but inadequate, or use out-of-date production processes.
The Board shall make an announcement designating the types and
sizes of investment activity eligible for promotion and may stipulate there
in the conditions under which promotion is to be granted and may
amend or abolish those conditions at any time.
In the case where the Board is of the opinion that any activity
announced to be eligible for promotion under paragraph two no longer
requires to be promoted, it may announce a temporary or permanent
cancellation of promotion for that activity.
Section 17. A person who seeks to be a promoted person shall file
to the Office and application for promotion in accordance with the rules,
procedure and forms prescribed by the Secretary General, describing the
investment project for which promotion is sought.
The promoted person shall be a company, a foundation or a cooperative
established in accordance with the respective law.
Application for promotion prior to the formation of a company, a
foundation, or a co-operative under paragraph two shall be made in
accordance with the rules, procedure and forms prescribed by the
Secretary General.
Section 18. The investment project to which the Board may grant
promotion shall be one which is economically and technologically sound.
Consideration will be given to:
(1) the existing number of producers and production capacity in
the Kingdom and the size of production capacity to be created
under promotion compared with demand estimates;
(2) the prospect for which such activity will expand the market for
the products or commodities produced or assembled in the
Kingdom and will encourage the production or assembly in the
Kingdom;
(3) the quantity and proportion of the resources available in the
Kingdom including the capital. Raw or essential materials and
labour or other services utilised;
(4) the amount of foreign currency which may be saved or earned
for the Kingdom;
(5) the suitability of the production or assembly processes;
(6) other requirements which the Board deems necessary and
appropriate.
Section 19. The investment project to which the Board may grant
promotion shall be one which incorporates appropriate measures for the
prevention and control of harmful effects to the quality of the environment
in the interest of the common good of the general living of the public and
for the perpetuation of mankind and nature.
Section 20. In the case where the Board deems it appropriate to
grant promotion to any applicant, the Board may stipulate conditions in
the promotion certificate for the compliance by the promoted person in
one or more areas as follows:
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(Source: BOI : The Board of Investment of Thailand) |