Section 1138.- Every limited company must keep a register of shareholderscontaining the following particulars :

                  (1) The names and addresses, and the occupations, if any, of the shareholders, a statement of the shares held by each shareholder, distinguishing each share by its number, and of the amount paid or agreed to be considered as paid on the shares of each shareholder ;

                  (2) The date at which each person was entered in the register as a shareholder ;

                  (3) The date at which any person ceased to be a shareholder ;

                  (4) the numbers and date of certificates issued to bearer, and the respective numbers of the shares entered in each such certificate ;

                  (5) The date of cancellation of any name certificate or certificate to bearer.

 

Section 1139.- The register of shareholders commencing from the date of the registration of the company shall be kept at the registered office of the company. It shall be gratuitously open to inspection by the shareholders, during the business hours, subject to such reasonable restriction as the directors may impose, but not less than two hours a day.

It shall be the duty of the directors to send once at least in every year to the Registrar, and not later than on the fourteenth day after the ordinary meeting, a copy of the list of all persons who are shareholders at the time of such meeting and of those who have ceased to be shareholders since the date of the last ordinary meeting. Such list shall include all the particulars specified in the foregoing section.

 

Section 1140.- Any shareholder is entitled to require a copy of such register or of any part thereof to be delivered to him on payment of a sum not exceeding five baht.

 

Section 1141.- The register of shareholders is presumed to be correct evidence of any matters directed or authorised by law to be inserted therein.

 

Section 1142.- If preference shares have been issued, the preferential rights attributed to such shares cannot be altered.

 

Section 1143.-A limited company may not own its own shares or take them in pledge.

 

PART III

MANAGEMENT OF LIMITED COMPANIES

1. GENERAL PROVISIONS

 

Section 1144.- Every limited company shall be managed by a director or directors under the control of the general meeting of shareholders and according to the regulations of the company.

 

Section 1145.- After registration of the company, no regulations may be made and no additions to or alterations of the regulations or of the contents of the memorandum may be adopted except by passing a special resolution.