Under the law, the company is required to issue share certificates to its shareholders. Failure to do so constitutes a legal offense, and the company may be subject to a monetary fine.
If the company does not issue share certificates to the shareholders, the shareholders may still assert their status as shareholders by relying on the list of shareholders, which the company is legally required to prepare and submit to the Department of Business Development, Ministry of Commerce. In addition, reference may be made to the company’s Share Register Book.
Rujira Bunnag
