There is a Section No. 87 has concerned with the purchase company property by director. Detail in the section 87 said that ;
SI refer to section 87 and 90 of the Public Limited Companies Act and also section 31(17) of the Non-Life Insurance Act, which mentioned on the selling or giving of property to directors, can you check the sections? There is no definition of property and as it is translated from Thai, I am not sure whether they use the word “property” to also mean “asset” in Thai?
Does the above sections also cover car of the company?