Book1 Division07 Title22 Chapter04 Part07
From Thai Codification Draft of 1919
DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM.
- The today existing (probably) only copy of its publication is in possession of the main library of Bangkok University. The detailed information and images of the original sources are available on the Centennial Website.
- The detailed information about the genealogical relations between the Draft 1919, Codes of 1923, Codes of 1925, and Code of 1992 is available at the "French Advisers' Heritage".
BOOK ON OBLIGATIONS.
DIVISION VII. SPECIFIC CONTRACTS.
TITLE XXII. Partnerships and Companies.
Chapter IV. Limited Companies.
Part VII. Debentures.
Section 1366.
- Debentures cannot be issued except by a special resolution.
《Genealogies》
- Draft of April 1924: -
- Code of January 1925: 1229
Section 1367.
- [I] The total amount of debentures cannot exceed the amount which has been paid up on the capital.
- [II] If the latest balance-sheet shows the amount of the assets to be less than the amount which has been paid up on the capital, the total amount of debentures cannot exceed the amount represented by the assets.
《Genealogies》
- Draft of April 1924: -
- Code of January 1925: 1230
Section 1368.
- The amount of a debenture cannot be less than fifty baht.
《Genealogies》
- Draft of April 1924: -
- Code of January 1925: 1231(I)
Section 1369.
- Every debenture must be paid in money.
《Genealogies》
- Draft of April 1924: -
- Code of January 1925: 1231(II)
Section 1370.
- Before debentures are issued the following particulars must be registered:
- (1) The total amount of the loan.
- (2) The total number of debentures.
- (3) The amount of each debenture.
- (4) The rate of interest.
- (5) The manner in which and the time within which the debentures must be reimbursed.
- (6) If the company has issued any debentures before, the amount for which the company is still indebted on account of such debentures.
- (7) The price at which the debentures are to be issued.
- (8) The manner in which and the time within which the debentures must be paid up.
- (9) The share capital of the company and the total amount which has been paid upon it.
- (10) The amount represented by the existing assets of the company as shown by the latest balance-sheet.
《Genealogies》
- Draft of April 1924: -
- Code of January 1925: 1232
Section 1371.
- Every prospectus, notice, advertisement or other invitation to subscribe for debentures must be dated and signed by the directors, and registered before its publication, and must contain the particulars mentioned in Section 1370.
《Genealogies》
- Draft of April 1924: -
- Code of January 1925: 1233
Section 1372.
- The provisions of Sections 1256 to 1261 and 1263 to 1268 concerning certificates for shares apply to certificates for debentures, mutatis mutandis.
《Genealogies》
- Draft of April 1924: -
- Code of January 1925: 1234
Section 1373.
- Every certificate of debentures must contain the particulars mentioned in sub-sections 1 to 5 of Section 1370.
《Genealogies》
- Draft of April 1924: -
- Code of January 1925: 1235
