investment units shall not be concentrated in the holding of any individuals or any groups of persons which could exercise power over fund management and exploit the fund for own benefits such as tax avoidance
administrative orders on individuals or juristic persons under the SEC's supervision, in other words, persons licensed, approved, or registered in accordance with the laws administered by the SEC. For example
. Execution of Agreements for Management of Private funds or Provident Funds 1.1 Provisions for the management of private funds for a client: (1) A client of a private fund shall comprise private individuals/a
people do not have enough savings at their retirement. Evidently, over a half the members of the provident funds receive less than one million baht at the retirement. For a number of Thai people, despite
ordinary persons up to 10 years from the fund's registration date (currently, a 10% dividend tax is compulsory and can be paid in the form of withholding tax); exemption on value-added tax (VAT)/Specific
disclosed in the filing. The buyers of the units shall settle unit subscription in cash or cash-equivalence. The number of units allocated to any persons or a group of the associated persons shall not be over