9 (2) no director or person authorised to bind the applicant has ever been a director or a person authorised to bind other licensees whose license has previously been revoked due to his or her performing of management duties during a period of less than three years. Section 15. The applicant for a license under section 13, in addition to having the qualifications and possessing no prohibited characteristics under section 8 and section 14, shall have the following qualifications: (1) being a juristic person in which the persons of Thai nationality invest or hold equity shares in the amount of not less than three quarters of the total capital of such juristic person; (2) being a juristic person in which the persons of Thai nationality have the power under the law or articles of association or through an agreement to vote of not less than three quarters of the total number of votes entitled to vote of such juristic person. In the case where the applicant for a license under section 13 is a company, at least three quarters of the total number of the directors and the director(s) authorised to bind such juristic person shall be of Thai nationality. In the case where the applicant for a license under section 13 is a limited partnership or registered ordinary partnership, the managing partner or the manager shall be of Thai nationality. The Commission may prescribe the prohibition of any act which has the nature of business takeover by a foreigner to be observed by the applicant. For the purpose of this section, it shall be deemed that a person of Thai nationality means a person who is not a foreigner under the law on foreign business, and in casting a vote, each share held or invested by a person of Thai nationality shall be counted as one vote. DISCLAIMER: THIS TEXT HAS BEEN PROVIDED FOR EDUCATIONAL/ COMPREHENSION PURPOSES AND CONTAINS NO LEGAL AUTHORITY. THE OFFICE OF THE COUNCIL OF STATE SHALL ASSUME NO RESPONSIBILITY FOR ANY LIABILITIES ARISING FROM THE USE AND/OR REFERENCE OF THIS TEXT. THE ORIGINAL THAI TEXT AS FORMALLY ADOPTED AND PUBLISHED SHALL IN ALL EVENTS REMAIN THE SOLE AUTHORITY HAVING LEGAL FORCE.