Section Code: 1206 - 1207

Thai Civil and Commercial Code

SPECIFIC CONTRACTS
TITLE XXII
PARTNERSHIPS AND COMPANIES
CHAPTER IV
LIMITED COMPANIES

Part 3: Management of Limited Companies

Part 6: Books and Accounts

Section 1206. Accounting Requirements

The directors must cause true accounts to be kept:

  1. Of the sums received and expended by the company and of the matters in respect of which each receipt or expenditure takes place.
  2. Of the assets and liabilities of the company.

Section 1207. Minutes of Meetings

The directors may cause minutes of all proceedings and resolutions of meetings of shareholders and directors to be duly entered in the books which shall be kept at the registered office of the company. Any such minutes signed by the chairman of the meeting at which such resolution were passed or proceedings had, or by the chairman of the next succeeding meeting, are presumed correct evidence of the matters therein contained, and all resolutions and proceedings of which minutes have been made are presumed to have been duly passed.

Any shareholder may at any time during business hours demand inspection of the above documents.

« »