WebIn June 2024, Thailand’s cabinet approved two sets of amendments to the Civil and Commercial Code (CCC) to update corporate governance and transactional rules and simplify the process of setting up and conducting businesses in Thailand. The draft amendments will be sent for parliamentary approval before being officially promulgated … WebFeb 25, 2024 · The Amendment to the Civil and Commercial Code Act (No. 23), B.E. 2565 (2024) (“ CCC Amendment Act “), came into force on February 7th, 2566 (2024). It amended various sections of the Partnerships and Companies Title of the Civil and Commercial Code in order to reduce the difficulty to operate a business, be up-to-date, and increase …
The Thailand Civil and Commercial Code - samuiforsale
WebOct 19, 2024 · An amendment was made to the Thai Civil and Commercial Code that introduces new provisions for M&A transactions and will likewise alter certain … WebNov 9, 2024 · On 8 November 2024, the amendments to the Thai Civil and Commercial Code (“CCC”) and the Act Prescribing Offenses Relating Business Organizations were published in the Government Gazette. hugh doxat-pratt
Amendments to Thai Civil and Commercial Code (“CCC”)
WebThe passed amendment changes section 1097 of the Civil and Commercial Code, so that only two shareholders and promoters will be required in the future. The impact of the change will probably be rather minor in practice for foreign investors, but it certainly makes the setup of an entity a little easier. Note that this change does not affect the ... WebJul 22, 2024 · Published Jul 22, 2024. + Follow. On 9th of June 2024, the Cabinet approved a bill for the amendment of the Civil and Commercial Code, amending some provisions regarding the place to apply the ... WebPart 3: Management of Limited Companies. Section 1200. Distribution of Dividend. The distribution of dividend must be made in proportion to the amount paid upon each share, unless otherwise decided with regards to preference shares. Section 1201. Resolution Required for Declaration of Dividend. No dividend may be declared except by a … hugh downs wife