Section 23. A trade association shall not distribute profit or income among its members, or carry on a political activity.

Chapter 4
Control of a Trade Association

Section 24. The Registrar shall have the power to issue a written order requiring a director of member to appear and to explain a fact concerning the activities of the trade association or to send a document concerning its operation or minutes of its meeting.

Section 25. For the purpose of carrying out this Act, the Registrar or the official shall have the power to enter the office of a trade association for the purpose of inspection during its office hours.

In acting under paragraph one, the official shall show his identity card to the person concerned.

The identity card shall be in the form prescribed by the Minister.

In the action of the Registrar of the official under paragraph one, the person concerned shall provide reasonable facilities or assistance, or give information to the Registrar of the official as requested.

Section 26. A trade association shall prepare a membership register to be kept in the office of the trade association, and shall deliver a copy thereof to the Registrar within a period of ninety days from the day of obtaining a license and being registered as a trade association. The membership register shall at least contain the following particulars :

When there is an admission of a new member of a change in the membership register, the trade association shall notify the Registrar to that effect within a period of ninety days from the day of the admission or change.

Section 27. A trade association shall prepare its balance sheet at least once in every twelve months, which constitutes its accounting year.

The balance sheet must contain the amount of the assets and liabilities of the trade association together with an account of income and expenditure. The balance sheet must be completed and audited and then submitted to a general meeting of the trade association for approval within a period of one hundred and twenty days from the last day of the accounting year.

Section 28. A trade association shall prepare an annual report showing the results of the operation of the trade association to be submitted to a general meeting at the time of the submission of the balance sheet, and shall deliver a copy of the report and that of the balance sheet to the Registrar within a period of thirty days from the day of the general meeting.

Section 29. An amendment to the regulations of a trade association may be made only by a resolution of a general meeting, and must be registered with the Registrar within a period of thirty days from the day of the resolution of the general meeting. If the Registrar considers that such amendment is inconsistent with the object of the trade association or contrary to the law, he shall not register such amendment.

If the Registrar refuses to register an amendment to the regulations, section 10 paragraph two, shall apply mutatis mutandis.

Section 30. The appointment or replacement of a director of a trade association must be registered with the Registrar within a period of thirty days from the day of the appointment or replacement.

If the Registrar considers that the person appointed as a director to be of an inappropriate status or of bad conduct, or has a reasonable cause to suspect that such person may be a threat to the economy or security of the country or to public order or good morals, he has the power to refuse to register such person a director of the trade association.

Section 31. Any person, who wishes to examine, to copy, or to have copied and certified a document concerning a trade association, shall make an application in the form prescribed by the Central Trade Association Registrar.

Section 32. When it appears that the Board, a director or a member of a trade association, does any act which may be a threat to the economy or the security of the country, or to public order of good morals, the Registrar shall have the power to issue a written order requiring the Board, the director or the member to stop such action or to rectify it within a period of time prescribed by the Registrar.

Section 33. When a trade association does an act which violates section 22, the Minister has the power to order the whole Board or an individual director to vacate his office. In such a case, the Board or the director is disqualified from being a director of the trade association

Unless a period of three years had elapsed from the day of the order of the Minister to vacate the office,

Section 34. When there is a cause to suspect that any trade association is to act unlawfully or to be a threat to the economy or security of the country, or to public order or good morals, The Registrar shall have the power to issue a written order requiring the trade association to notify him at least three days in advance of the date and time of every meeting of the trade association. In such a case, the Registrar or the official shall have the power to attend the meeting.

Where any trade association fails to notify the date and time of its meeting in accordance with the order of the Registrar, the Registrar shall have the power to order the trade association to suspend its meeting, each time, for not more than ninety days from the day the Registrar issues the order.

In case the Registrar issues an order suspending a meeting, section 10 paragraph two, shall apply mutatis mutandis.

Section 35. If the general meeting of a trade association passes a resolution in violation of a law or its regulations, upon the request of any member or an official, the Registrar shall have the power to revoke such resolution. But in case a member requests for the revocation, he shall so request within a period of thirty days from the day of the passing of such resolution.

Section 36. The Minister shall have the power to dissolve a trade association upon the following events :

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