Section 207. Any board of directors that showed items mentioned in Section 114(3), (4), or (5) which is incomplete or not according to fact shall be liable to a fine not exceeding twenty thousand baht.

Section 208. Any company which fails to comply with the Registrar's order issued under Section 132(3) is liable to a fine not exceeding fifty thousand baht

Section 209. Any liquidator who fails to comply with Section 160(7) or Section 161 shall be liable to a fine not exceeding ten thousand baht.

Section 210. Any liquidator who fails to comply with Section 165, Section 166, Section 170 paragraph one, Section 174 paragraph one or two, Section 176 paragraph one or two, or with the Registrar's order issued under Section 174 paragraph three shall be liable to a fine not exceeding twenty thousand baht.

Section 211. Any liquidator who failed to comply with Section 177 shall be liable to a fine not exceeding fifty thousand baht.

Section 212. Any person who obstructs or does not provide convenience to the inspector performing duty under Section 130 or the Competent Official performing duty under Section 190 shall be liable to an imprisonment not exceeding one month or to a fine not exceeding ten thousand baht or both.

Section 213. Any person who uses the name or trade name in Thai letters reading "Boris at Mahachon Chamkat" (Limited Public Company), "Boris at" (Company), or "Chamkat (Mahachon)" (Limited Public) or "BawMawJaw" (LPC), or in foreign Letters bearing the similar meanings as aforesaid, in letters, notices, reports, invoices, or other documents pertaining to the business of the company without itself ....in a company, except the use in applying for registration in connection with the company establishment or in forms showing data of share offered to the public or in the prospectus, shall be liable to a fine not exceeding twenty thousand baht and a daily fine of one thousand baht until cessation of use.

Section 214. The director or liquidator of a company dishonestly making any false statements or canceling any related to the fact which should be clearly notified to the meeting of shareholders and which is financial condition of the company shall be liable to a fine not exceeding fifty thousand baht.

Section 215. Any person responsible for operation of any company who performed or omitted to perform an act for the purpose or seeking unlawful interests for himself or for other persons, which caused damage to the company, shall be liable to a fine not exceeding fifty thousand baht.

Section 216. Any person who is responsible for the business operation of a company who committed or permitted the commission of acts as follows:
(1) causing, destroying, changing, cutting, or fabricating accounts, documents, or security of the company or related to the company; or
(2) entering false statement or omitting to enter essential statements in the accounts or documents of the company or related to the company.

If such commission or permission of commission was for the purpose of deceiving the company or the shareholders of interests to which they deserved, shall be liable to an imprisonment not exceeding five years or a fine not exceeding one million baht or both.

Section 217. Any person who make an advertisement by referring to persons, positions, accounts, reports, or activities in connection with the company which were false in essence or concealed essential statements in order to
(1) deceive persons who have interests in the company of the interests to which they deserved; or
(2) persuade persons to enter to hold shares on debentures, to assign or hand over property to the company, or grant a guarantee or furnish property as security to the company.

Shall be liable to an imprisonment not exceeding three years or a fine not exceeding six hundred thousand baht or both.

Section 218. Any person who participated in the statutory meeting or meeting of share soldering and voted or abstained by falsely showing himself as a share subscriber, shareholder, or person authorized to vote on behalf of share subscribers or shareholders shall be liable to a fine not exceeding twenty thousand baht.

Any person who aided the commission of offense pursuant to paragraph one by delivering document showing share subscription or share certificates for used in the aforesaid act shall be liable to the same penalty.

Section 219. Any person who dishonestly appraised value of the property or article furnished as payment for shares at an amount higher than the true value thereof shall be liable to a fine two times the amount in excess of the true value.

Section 220. Any person who had knowledge of the business of any company through performance of duty under this Act, which normally is kept confidential, if the person revealed such knowledge outside his authority or duty or for benefit in investigation or legal proceeding, shall be liable to an imprisonment not exceeding one year or a fine not exceeding two hundred thousand baht or both.

Section 221. In the case where a juristic person had committed an offense and was punished under this Act, the representative of the juristic person who sided with of the offense commission or did not make reasonable effort to prevent such offense commission shall also be liable to punishment provided for such offense.

Section 222. In the case where a company had committed an offense and was punished under this Act, the director who sided with of the offense commission or did not make reasonable effect to prevent such offense commission shall also be liable to punishment provided for such offense.

INTERIM PROVISIONS

Section 222/1. Any penalty according to this Act shall only be fined. The Director-General of the Department of Business Development or the person entrusted by the Dircetor-General of the Department of Business Development shall be authorized to prescribe the fine when persons committing offenses pay for the fine according to the amount within the specified period, and the case shall be terminated according to the criminal procedure code. If the persons commit offenses do not agree according to the amount of fine or upon agreement, such persons do not pay for the fine within the specified period, the case shall be continued.

Section 223. All companies established under the Public Limited Company Act B.E. 2521 before the date on which this Act comes into force shall be companies under this Act.

Next Page
[1]  [2]  [3]  [4]  [5]  [6]  [7]  [8]  [9]  [10]  [11]  [12]  [13]  [14]  [15]  [16]  [17]  [18]  [19]