Bhumibol Adulyadej has been graciously pleased to proclaim that: Whereas it is deemed expedient to amend the law governing provident funds; Be it, therefore, enacted by His Majesty the King, by and with the

more than two consecutive terms. Upon the expiration of the term of office, the appointment of new Chairman and commission members shall be made within sixty days. During the period when new Chairman or

article, provided that the rate so prescribed shall not be less than two per cent but not more than fifteen per cent of the wages.” * Readers should be aware that only the original Thai text has legal force

two or more trusts to be commingled in the manner that it is unable to identify to which respective trust the property belongs, it shall be presumed that the commingled property, including property that

. SECTION 36 In cases where a trustee fails to perform duty under Section 34 which causes the trust property of two or more trusts to be commingled in the manner that it is unable to identify to which

such trustee commits the offence, such person shall be liable to imprisonment for a term not exceeding two years or a fine not exceeding two hundred thousand baht, or both. SECTION 81 Any person who

company, such person shall be liable to imprisonment for a term not exceeding six months or a fine not exceeding two hundred thousand baht, or both. In cases where any securities company commits an offence

the duties of director, manager or any person responsible for the operation of the securities company or the company, such person shall be liable to imprisonment for a term not exceeding two years or a

, of the Securities Exchange shall hold office for a term of three years and may be re-appointed or re-elected, but shall not hold office for more than two consecutive terms.” SECTION 24 The provision in

for a term of three years and may be re-appointed or re-elected, but shall not hold office for more than two consecutive terms. 4. Enhancing Competitiveness of the Capital Market 7/10 • Enhancing