Q:
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Some of the shareholders do not actually contribute any capital. Can they be forced to be removed if there is a dispute?
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A:
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Even if the shareholders have no actual capital contribution, they are considered as shareholders once they are registered. Neither company limited and limited company have a “name removal” regulation. Therefore, a shareholder must register for sold of share in order to dismiss from the position.
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Q:
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What are the addresses that would not be approved by the MOEA?
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A:
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Any address proven by the household authority, excluding the illegal premises with wordings such as “front / back section” or “left / right side”, would be approved by the MOEA.
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Q:
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When changing the company address, the attached house tax statement with the wording “left side”, then how to define the company address?
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A:
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Company address should be defined by the address marked by the household authority or stated on the property and land ownership certificate. Addresses with wordings like “front / back section” or “left / right side” are considered as illegal premises. It is only marked on the house tax statement for easier tax levied. Theses addresses cannot be registered for a company.
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Q:
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Is there any limitation for company limited to increase capital?
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A:
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A company limited cannot increase its capital if the total shares have not yet been distributed.
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Q:
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Who can call for a shareholders’ meeting?
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A:
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Board of Directors (Company Act Article 171)
Supervisor (Company Act Article 220)
Shareholders who hold more than 3% issued shares over 1 year and approved by the authority (Company Act Article 173)
Shareholders who hold more than 50% issued shares over 3 months (Company Act Article 173-1).
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FAQ
