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with the Minister for his approval under the SEC’s recommendation. Such application shall be filed with the SEC via the SEC office in form and together with supplementary documents specified in the SEC’s
receiving the SEC’s recommendation. Clause 4 Upon the Minister’s approval under Clause 3, approved person shall proceed with establishment of limited company or public limited company to undertake securities
from the date receiving the SEC’s recommendation. Clause 4 Upon the Minister’s approval under Clause 3, the approved person shall proceed with establishment of new limited company or public limited