Bangkok, 1 August 2017 ? The SEC requires that Polaris Capital Public Company Limited (POLAR) immediately submit the special audit report which has passed due on 24 July 2017. Previously, the SEC instructed POLAR to conduct a special audit on the sources, existence and completeness of the accounting records and the disclosure in the financial statements of the liabilities whose material information differed from what had appeared in the application for business rehabilitation. POLAR missed the s...
third quarter of 2016.The initial deadline for submitting the special audit report and the amended financial statements was 6 February 2017 before being postponed to 8 March 2017.However, KC has requested
Person’s Meeting B.E. 2563 (2020), dated 4 March 2020, whereby public limited companies affected by the outbreak to the point that their AGM cannot be held or has to be postponed beyond the period
publication of the financial statements on newspaper and at open space of the premises of the business operators must be postponed as well.To mitigate the impacts of the situation, SEC has extended the
publication of the financial statements on newspaper and at open space of the premises of the business operators must be postponed as well.To mitigate the impacts of the situation, SEC has extended the
information and delayed disclosure of the said information as long as possible. On the contrary, the previous research found that, for financial statement disclosure, the companies usually rushed into
delayed repayment of overdue debts to financial institutions, causing the company to be under debenture default condition. The amount of debts expected to be overdue by the end of June 2017 is approximately
December 2020. In any case, employees may continue their contribution on a regular basis even though their employer’s contribution is suspended or postponed, effective from 6 May 2020. Subsequently, on 7
delayed disclosure in other cases, it was apparent that POLAR had an intention to conceal material facts from the public; when the company filed a petition for business rehabilitation on 9 May 2017, it
depository receipts (DRs); and (3) Revising the definition of special debt to include other outstanding debts such as debts resulting from delayed payments for securities sale to customers as a result of an