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ARTICLE · 20 NOVEMBER 1995

Thailand - Business Vehicles - Public Company

Mayer Brown
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A Public Limited Company is a company established for the purpose of offering shares for sale to the public and the liability of the shareholder shall be limited up to the amount to be paid on these shares. The said purpose shall be indicated in the Memorandum of Association of the company.

1. Establishment of Public Company

The establishment of Public Company begins, that fifteen or more promoters prepare a Memorandum of Association and bring it to register at the Department of Commercial Registration, Ministry of Commerce that are the same as a Limited Company.

The Memorandum of Association shall contain the purpose of the company in offering shares for sale to the public. The offer of shares for sale to the public or to any other person shall be in accordance with the law governing the securities and exchange.

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