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The Department of Business Development has withdrawn 5,106 companies from its database due to a failure to submit a financial report for three consecutive years. People who want to do business with them are warned to check whether they are still legal.
Director-General of the Department of Business Development Banchongchit Angsusing suggested the general public, business owners and investors to check the status of the juristic persons that they want to do business with in order to find out if the juristic persons really exist. Doing so can prevent fraudulence or false representation, said the director-general.
The department recently improved and updated its database of juristic persons. In the past, there were a lot of juristic persons who were out of business after they registered with the department.
The names of the 5,106 juristic persons can be checked on the department’s website (www.dbd.go.th).