Section 25. Upon the request of a competent officer, a finance company shall cause its directors, officers, employees or auditors to testify or produce books of accounts, documents and other evidence relating to its affairs as required by the competent officer.

Section 26. There the Bank of Thailand considers that a finance company:
(1) does not keep its books of accounts in orderly manner or reasonably un to date;
(2) sets an inappropriate match in maturity of money borrowed from the public and repayment of loans or investments; or
(3) lends money to or invests funds in an enterprise in which such finance company, and of its directors, managers, or officers or persons with power of management of such finance company has certain interest, or lends money to a shareholder of such finance company in an excessive amount or with unusually special conditions or provisions;
(4) has done or failed to do any act such that may cause damage to the public in general as follows:
(a) frequently fails to maintain liquid assets at the prescribed ratio;
(b) lends money in excess of the prescribed ratio and/or without security in a large amount;
(c) fails to write off from the account worthless or irrecoverable assets in such amount which will adversely affect the condition of the finance company;
(d) fails to make provision for doubtful assets, in such amount which will adversely affect the condition of the finance company;
(e) violates or fails to do any act in accordance with the prescriptions prescribed by the Bank of Thailand with the approval of the Minister; the Bank of Thailand shall have power to order such finance company to rectify the said acts or to take or to omit actions as deemed appropriate by the Bank of Thailand within the prescribed period of time.

If the finance company does not comply with the order of the Bank of Thailand issued in the case of Subsection (4), the Bank of Thailand shall report to the Minister and the Minister shall have power to order such company to be placed under control or order the withdrawal of its license. The provision of the Chapter V shall be applied mutates mutants.

Section 26 bis. Where a finance company has incurred losses to the extent which its capital funds has been reduced to three-fourths of its paid up capital, whether such fact has been found by the finance company itself or as the result of an audit undertaken by the auditor, or the examination conducted by the Bank of Thailand, the finance company shall no longer borrow or receive money from the public unless prior approval has been granted by the Bank of Thailand. In granting such approval, the Bank of Thailand may prescribe any condition concerning the lending money, the making investment or any other matter.

If the losses under the first paragraph are to the extent that its capital funds has been reduced to half of its paid-up capital or less, the finance company shall submit a project for rectification of its condition and operation to the Bank of Thailand for approval within fourteen days from the date that the finance company or the auditor finds such fact, or the date on which the Bank of Thailand notifies the finance company of such fact. In granting such approval, the Bank of Thailand may also prescribe any dateline or any condition, and shall notify the finance company without delay.

If the Bank of Thailand does not approve the project under the second paragraph, the finance company may appeal to the Minister within fourteen days from the date of receiving of the decision. The decision of the Minister shall be final.

The finance company that incurred losses pursuant to the second paragraph shall immediately cease operation until the Bank of Thailand approves the project for rectification of its condition and operation, or until the Minister has made a decision allowing the finance company to proceed as outlined in the project, unless permission of the Bank of Thailand to undertake any part of its operation is granted.

Where a finance company has to reduce or increase its capital or amalgamate or merge its business with another company according to the project approved under the second paragraph or the decision under the third paragraph, the provisions of this Act which requires it to be a limited public company, the prescription of the minimum amount of registered capital and paid-up capital of a finance company, Section 1225, Section 1226 and Section 1240 of the Civil and Commercial Code and Section 154 and Section 167 of the Limited Public Companies Act, B.E. 2521, as the case may be, shall not apply.

Section 26 ter Any finance company that suspends repayment of its due obligations shall immediately notify the Minister and the Bank of Thailand, and shall not transact any business unless an authorization in writing is granted by the Minister. The finance company shall, within seven days from the date of such suspension, submit an additional report stating the reasons of the suspension of repayment in detail.

Where the Minister has received the notification under the first paragraph, the Minister shall have power to appoint competent officers to make an investigation thereof, and upon receipt of the investigation report there from, the Minister is empowered to order such finance company to be placed under control or order the withdrawal of its license as he deems appropriate. The provisions of the Chapter V shall be applied mutates mutants.

Section 26 quarter. For the purpose of rectifying the condition or operation of a company or maintaining the financial stability or financial institution system, the Minister with the recommendation of the Bank of Thailand shall have power to order such finance company to suspend its operation entirely or partially for a temporary period of time as
prescribed, and in such case. The Minister may also prescribe rules, procedures and conditions.

Section 27. The Bank of Thailand, with the approval of the Minister, has power to require that a finance company, in borrowing or receiving money from the public, complies with the prescriptions regulating the following matters:
(1) the Minimum amount of money;
(2) the period of time for repayment;
(3) the rules and procedures in borrowing or receiving money form the public.

The prescriptions under this Section may be made according to any type of finance business, and type of enterprises or any type of persons.

Section 27 bis. A finance company may accept deposits of money subject to withdrawal at the end of a specified period by issuing a certificate of deposit.

A certificate of deposit shall contain the following particulars:
(1) the designation of it as a certificate of deposit;
(2) the name of the finance company which draws the certificate of deposit;
(3) the date on which the certificate of deposit is issued;
(4) the province where the certificate of deposit is issued;
(5) an unconditional agreement to pay a sum certain in money including interest (if any);
(6) a day of maturity;
(7) the place of payment;
(8) the name of the depositor, or a mention that it is payable to bearer;
(9) the signature of the person authorized to sign on behalf of the finance company which issues the certificate of deposit.

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