Month: September 2023

Setting up a company limited in Thailand can be a relatively straightforward matter depending on the details of the new company to be formed. This article shall discuss various issues relating to company registration, including the minimum requirements to register and incorporate a company in Thailand as well as several key considerations which the key stakeholders should consider before forming the new company such as director signing authority, registered share capital and the possible need for licenses or permits.   Minimum Requirements to Form a Company Limited To form and register a new company limited at the Department of Business Development (DBD), the promoters of the company shall need to comply with the following minimum requirements: The new company will firstly need to reserve a name for the company at the DBD and such name shall need to be in […]

If the articles of association (i.e. constitution) of a company limited contain no provision providing that at any shareholder meeting, a proposed resolution which is submitted to the shareholders for approval, shall be decided on a ‘poll’, which means that the votes shall be counted according to the number of the shares held by each respective shareholder (i.e. one share equals one vote) then each proposed resolution shall be decided in accordance with Section 1190 of the Civil and Commercial Code (CCC), which prescribes that: “At any general meeting, a resolution put to the vote shall be decided on a show of hands, unless a poll is, before or on the declaration of the result of the show of hands, demanded by at least two shareholders.” This basically means that unless at least two shareholders demand a ‘poll’ before or […]