Tax & Legal News Flash Issue 29 - KPMG Thailand
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Proposed Amendments to Company Law - Shares in Limited Companies

Proposed Amendments to Company Law

On 17 October 2017, the Thai Cabinet endorsed the draft Act for Amendment to the Civil and Commercial Code proposed by the Ministry of Commerce to amend the provisions related to shares in limited companies registered in Thailand and also apply necessary provisions under Securities and Exchange law for implementation.


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Proposed Amendments to Company Law - Shares in Limited Companies

Such amendments mainly aim at facilitating ease of doing business in Thailand and boosting up the competitiveness of the nation, especially for Startup Businesses.   

After the Cabinet’s approval, the proposed draft Act will proceed with further
necessary steps before becoming an enforceable law.  

Key proposed amendments for a limited company incorporated in Thailand

Title Current law Proposed amendment
Public offering  X /
Debt to equity
X /
Preferential right
X /
Preference share to
ordinary share conversion
X /
Holding its own shares X /
New share issuance to
executives, employees or creditors without first offering to existing
X /
Debenture offered to
X /


We would welcome any opportunity to discuss the relevance of this matter upon request. 

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KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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