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 a year, or a fine of not over two thousand baht, or both the imprisonment and the fine.

If being at fault in observing any of the provisions of the Civil and Commercial Code's section 1157, which deals with the registration of the appointment of a new director, section 1196, 1197, or 1199, paragraph 2, which deals with balance sheets, or section 1207, which deals with minutes and resolutions, Lord says that all the company directors who have to be responsible for such fault be held guilty and be each punished with a fine of not over a thousand baht.

If a debenture is issued in a manner contravening the provisions of the Civil and Commercial Code's section 1229, 1230, or 1232, Lord says that all the company directors who have to be responsible for the issuance of such debenture be held guilty and be each punished with a fine of not over a thousand baht.

If no publication is made within due time as required by the Civil and Commercial Code's section 1253, Lord says that all the liquidators be held guilty and be each punished with a day fine of