Section 105 Securities and Exchange Act B.E. 2535 Section 105. A securities company shall prepare its accounts stating true and accurate business operation and financial condition, which must conform
, however, not complied with the accounting standards stating that the revaluation surplus has to be transferred directly to retained earnings when the asset is retired. The SEC thus instructed ABC to rectify
surplus to gain on sale of the assets presented in the income statement. The transfer was, however, not complied with the accounting standards stating that the revaluation surplus has to be transferred
accrued income in the financial statements for the year 2015 and 2016 and resulting in her expressing an inaccurate audit opinion on the said financial statements. Due to her deficiencies, the SEC has
This is according to the news this morning stating about shares sold by mutual funds due to huge redemption of investment units. Mr. Thirachai Phuvanat naranubala, SEC Secretary-General stated
the client. Her actions were therefore deemed as interfering with client's assets and failing to comply with professional standards of conduct. On {B} case, the SEC received a client's complaint stating
publicly disclose the rectified financial statement which has been audited by auditor. This action follows the audit report stating that auditor gave adverse opinion on the financial statement due to the
Bangkok, May 27, 2011- Following news on a press conference by executive of Thoresen Thai Agency Plc., (TTA), stating that a group of investors who claimed to hold 30% stake in TTA approached and
financial advisor, who jointly prepare information in a written notice calling the shareholder’s meeting, for expressing the reasonableness of such assumption. (2) dilution effect to shareholders, in case the