Article 123

一a person that has failed to keep financial statements, etc., failed to record the particulars to be recorded in the financial statements, etc. or made false records in violation of the provisions of paragraph (1) of Article 50 (including as applied mutatis mutandis pursuant to Article 53-3 through Article 54-2 and paragraph (3) of Article 77), or a person refusing a request under the provisions of paragraph (2) of Article 50 (including as applied mutatis mutandis pursuant to Article 53-3 through Article 54-2 and paragraph (3) of Article 77) without a legitimate reason (excluding a foreign registered agency for inspections or examinations);