Prepare to remove 8,221 companies that have not submitted balance sheets for 3 years from the system.

Nonthaburi: Director-General of the Department of Business Development prepares to update the legal entity database to be current. The name of a legal entity that has not submitted financial statements for three consecutive years will be removed from being a legal entity. Currently, it has been found that there are 8,221 legal entities, or 0.9 percent of more than 9 hundred thousand legal entities operating, that do not submit financial statements to the Department of Business Development. Trade for 3 consecutive years and may have to have your name removed and cease to be a juristic person Give it until May 29th. If you don't send it, your name will be struck out immediately. Mrs. Oramon Sapthaweetham Director General of the Department of Business Development Ministry of Commerce It was revealed that the Department of Business Development has issued an announcement from the Bangkok Partnership Registration Office regarding the removal of the names of partnership companies from the register. It was found tha t at present there are 8,221 legal entities, or 0.9 percent of more than 9 hundred thousand legal entities operating businesses, that do not submit budgets. financial report to the Department of Business Development for 3 consecutive years, which is why it is believed that such businesses No longer trading or conducting business Therefore entering the process of drawing names according to law To improve the country's legal entity information to be complete and up-to-date. The said number of juristic persons are juristic persons whose head office is located in Bangkok. For juristic persons located in other provinces The Provincial Commercial Office will be the agency that conducts inspections using the same guidelines. Since the date of the announcement on February 29, 2024, the Department has sent a warning letter to legal entities. The warning letter will not have a link or QR Code specified in the letter. However, if a juristic person has any questions, they can contact the Department's phone number 0 2547 4439 only. The Department will not call first. For safety and to prevent confusion with scammers. For any juristic person who wishes to suspend the above mentioned names. A letter of explanation must be submitted to the Department. Otherwise, if the 90-day period expires, that is, beyond May 29, 2024, the juristic person's name will be struck off the register. Change status to deserted and ceases to be a juristic person immediately However, the legal entity that has been changed to the abandoned status Can no longer do any legal acts, but the managing partner's liability Partners, directors, managers and shareholders still exist and can be enforced. However, legal entities can be returned to the register. By making a request to the court within 10 years from the date the registrar removes the name from the register. Therefore, the Department would like to urge juristic persons to comply with the law. To join in creating Thai businesses that are reliable and Contains financial information that will build conf idence among Thai and foreign investors. For the names of partnerships and companies that have not submitted financial statements to the Department of Business Development for 3 consecutive years and will have their names removed from the register this time. You can check at the Department of Business Development website. www.dbd.go.th Choose a business manual topic Select data service Select business registration and choose to announce the cancellation of the abandoned registration and return it to the register. In this regard, studying partners or investing together must study the information of the partners carefully to prevent damage from being deceived. Currently, fraudsters often falsely claim the name of a company that has not actually been established or a legal entity that has been dissolved. Let's create trustworthiness and cause damage to the economy. The public can check information or status of legal entities by themselves 24 hours a day at the department's website. Choose the topic of online se rvice and the topic of DBD Datawarehouse+ or the DBD e-Service application at no charge.-514-Thai News Agency Source: Thai News Agency