Late Submission of the List of Shareholders
Keywords: Mazars, Thailand, Legal, AGM, Shareholder List, BOJ 5, Department of Business Development
07 June 2013
Otherwise, the authorized directors of the Company will be subject to a fine of not exceeding 10,000 Baht.
However, in April 2013 the Department of Business Development (‘DBD’) announced new guidelines on the submission of audited financial statements. The new guidelines allow directors to submit the list of shareholders to the DBD later than 14 days after the AGM without incurring any penalty, provided that the audited financial statements are submitted together with the list of shareholders within 1 month from the date of AGM.
If the directors fail to submit the required documents within 1 month from the date of the AGM, the authorized directors will be subject to a penalty for the late submission of list of shareholders (as above) and the Company (together with the authorized directors) will be subject to an additional penalty for the late submission of audited financial statements.
Please find more information on page 14 of the guideline.