An Overview of Company Dissolution in Thailand
In registering a new business or investing in either a new or existing business, all investors hope for the greatest outcomes. However, their dreams do not always come true. Some investors face nightmares either from expected or unexpected losses. The loss might be severe enough for the business to seek dissolution. Therefore, Thailand company dissolution is an issue worth being concerned about.
Even though losses alone might force a company to dissolve, it is not the only reason for dissolving a business in Thailand. The dissolution might also occur when required by law or court order. Legal dissolution in Thailand takes place for the following reasons (according to article 1236 of the Civil and Commercial code):
● By company’s regulations;
● Upon the expiration of a specific period, if the business is formed for a specific period of time;
● If formed for a single undertaking, by the termination of that undertaking;
● By a special resolution to dissolve;
● Bankruptcy.
Moreover, the company might be dissolved by court order for the following grounds (article
An Overview of Company Dissolution in ThailandIn registering a new business or investing in either a new or existing business, all investors hope for the greatest outcomes. However, their dreams do not always come true. Some investors face nightmares either from expected or unexpected losses. The loss might be severe enough for the business to seek dissolution. Therefore, Thailand company dissolution is an issue worth being concerned about. Even though losses alone might force a company to dissolve, it is not the only reason for dissolving a business in Thailand. The dissolution might also occur when required by law or court order. Legal dissolution in Thailand takes place for the following reasons (according to article 1236 of the Civil and Commercial code): ● By company’s regulations;● Upon the expiration of a specific period, if the business is formed for a specific period of time;● If formed for a single undertaking, by the termination of that undertaking;● By a special resolution to dissolve;● Bankruptcy. Moreover, the company might be dissolved by court order for the following grounds (article
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