Proposed Amendments to Thailand’s Public Limited Companies Act

In May 2021, Thailand’s Cabinet approved the draft amendments to the country’s Public Limited Companies Act in a bid to modernize the corporate process by allowing meetings between shareholders and directors to be held online, enabling the flexibility to send information between directors and shareholders electronically, and enabling shareholders to appoint a proxy electronically.

The Act has been previously amended in 1972, 1978, 1992, and 2008, with each amendment adapting the Act to contemporary business needs.

The proposed amendments aim to improve the efficiency of and bring consistency to Thailand’s corporate system and procedures that were impacted by the pandemic, as borders were closed and logistics disrupted, leading to the loss in competitiveness for local businesses.

What are the proposed key amendments to the Public Limited Companies Act?

There are several…