Educational Information Only
The content on this page is for general educational purposes and does not constitute legal advice. Every legal situation is unique. For matters involving investigation, arrest, litigation, or formal proceedings, consult a qualified legal professional.
Public Limited Companies Act
พระราชบัญญัติบริษัทมหาชนจำกัด · PLCA · B.E. 2535 (1992)
Overview
The Public Limited Companies Act B.E. 2535 (1992) governs the formation, capital structure, governance, and dissolution of Thai public limited companies — the form required for stock exchange listing. The Act sits alongside the Civil and Commercial Code Book III (private limited companies) and is supplemented by SEC rules for listed companies.
- Promulgating authority
- Parliament
- พระราชบัญญัติ
- Enacted
- B.E. 2535 (1992)
- Official text
- https://www.ocs.go.th/searchlaw
Key Sections4
The 4 sections most frequently cited in practice or relevant to foreigners. Click any section for a deep-linkable page suitable for sharing.
Section 16
— Incorporation requirementsMinimum 15 promoters; specified capital; submission of memorandum and articles of association.
Section 67
— Board compositionA public company must have at least five directors, at least half resident in Thailand (Section 67; qualifications in Section 68). (Section 85 sets directors' duties.)
Section 100
— Shareholder meetingsAnnual general meeting required within four months of fiscal year end; quorum and voting rules specified.
Section 85
— Director liabilityDirectors must act lawfully, honestly and with care (Section 85) and are jointly liable for damage, with a derivative suit available to shareholders holding at least 5% (Sections 91–92). (Section 144 is a creditor's suit after a capital reduction.)
The summaries on this page are plain-English educational paraphrases — not authoritative translations. For the binding wording you must consult the Royal Gazette publication or the consolidated text at the Office of the Council of State. Educational use only — not a substitute for advice from a Thai-qualified lawyer.
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