Thailand Limited Company
Limited company Is a kind of business organization which is formed with a capital divided into equal shares, the liability of the shareholders being limited to the amount of the shares respectively held by them. Many Thai or foreigners investment could start here.
Thai Company Limited start up
To start up the company limited or limited company, shall process according to the following:
Limited company Is a kind of business organization which is formed with a capital divided into equal shares, the liability of the shareholders being limited to the amount of the shares respectively held by them. Many Thai or foreigners investment could start here.
Thai Company Limited start up
To start up the company limited or limited company, shall process according to the following:
1. Shall have at least 3 persons signing together in order to prepare Memorandum and then register. Upon
receiving the amount of shares, the director must register as the company
within 3 months from the date of company’s meeting to establish the company.
The promoters shall be qualified as the following:
The promoters shall be qualified as the following:
(1) Be ordinary person, not
juristic person
(2) Be 12 years old or more
(3) Must reserve to buy at least 1
share
Registration information to the Memorandum
(1) Company’s name (the same as the
name reserved)
(2) Location of head office
(located at which province)
(3) Objective of the company
(4) Registered capital must be
divided into each share with the same value (share’s value must be at least 5
Baht)
(5) Name, address, age, occupation
and number of shares that persons who start up the company reserve to buy the
shares)
(6) Name, address, age of 2 witnesses
2. When the Memorandum has been
registered, shall perform the following:
(1) Every promoter manages to
reserve and buy all the shares
(2) When all the shares are
reserved, the promoters must without delay hold a general meeting of
subscribers which shall be called the statutory meeting.
(1) The adoption of the regulations
of the company, if any.
(2) The ratification of any
contracts entered into and any expenses incurred by the promoters in promoting
the company.
(3) The fixing of the amount, if
any, to be paid to the promoters.
(4) The fixing of the number of
preference shares, if any, to be issued, and the nature and extent of the
preferential rights accruing to them.
(5) The fixing of the number of
ordinary shares or preference shares to be allotted as fully or partly paid-up
otherwise than in money, if any, and the amount up to which they shall be
considered as paid-up.
The description of the services or property in return for which such ordinary shares or preference shares shall be allotted as paid-up shall be expressly laid down before the meeting.
The description of the services or property in return for which such ordinary shares or preference shares shall be allotted as paid-up shall be expressly laid down before the meeting.
(6) The appointment of the first
directors and auditors and the fixing of their respective powers.
No resolutions of the statutory meeting are valid unless passed by a majority including at least one half of the total number of subscribers entitled to vote, and representing at least one half of the total number of shares to such subscribers.
No resolutions of the statutory meeting are valid unless passed by a majority including at least one half of the total number of subscribers entitled to vote, and representing at least one half of the total number of shares to such subscribers.
4. The promoters shall over the
business to the directors.
5. The directors shall the reopen
cause the promoters and subscribers to pay forth with upon each share payable
in money such amount, not less than twenty-five percent of the share's value.
6. When the collection of share’s
price is complete, the authorized director shall prepare the request for the
registration of company’s establishment and submit to the registrar.
Regarding the submission for registration, the authorized director shall sign the name on the request and must submit toregister within 3 months from the date of company statutory meeting. If not registered within the specified period, the company statutory meeting shall be void and if would like to register to establish the company, shall arrange the meeting for persons who reserve to buy the shares again.
Regarding the submission for registration, the authorized director shall sign the name on the request and must submit toregister within 3 months from the date of company statutory meeting. If not registered within the specified period, the company statutory meeting shall be void and if would like to register to establish the company, shall arrange the meeting for persons who reserve to buy the shares again.
7. Regarding the company
establishment, if can perform every step as follows within the same day that
the promoters prepare the Memorandum, and the director can request to register
the Memorandum and register the company within the same day.
(1) Shall have the persons reserve
to buy all the shares that the company can be registered.
(2) Arrange the meeting to
establish the company to consider various affairs according to the Civil and
Commercial Code, section 1108, and all the persons who start up the company and
all the persons who reserve to buy the shares shall attend the meeting, and all
of them shall agree in the affairs in the meeting.
(4) The director call the person
who reserves to buy the shares to pay the shares according to the Civil and
Commercial Code, section 1110, section 2 and such share’s price has already
been paid.
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For more details in practical, kindly contact us to run business smoothly, LawBOI, the legal and business consulting professional team.
For more details in practical, kindly contact us to run business smoothly, LawBOI, the legal and business consulting professional team.
