Article 1240/1Réunion commune des actionnaires sur l’amalgamation

English translation

When the requirements of Section 1239 and Section 1240 have been complied with, the directors of the companies which are to amalgamate shall call the shareholders of those companies to a joint meeting to consider the following matters:

(1) the name of the amalgamated company, which may be a new name or the existing name of any one of the amalgamating companies;

(2) the objects of the amalgamated company;

(3) the share capital of the amalgamated company, which must be not less than the share capital of the former companies which amalgamate;

(4) the allotment of shares in the amalgamated company to the shareholders, Section 1222 not being applicable;

(5) the memorandum of association of the amalgamated company;

(6) the regulations of the amalgamated company;

(7) the election of the directors of the amalgamated company;

(8) the election of the auditors of the amalgamated company;

(9) any other matters necessary for the amalgamation, if there are any.

The meeting must be completed within six months from the date on which the last of the companies passed its resolution to amalgamate, unless the meeting under this Section resolves to extend the time, provided that the total time does not exceed one year.

✓ ThaiLawOnline translation, written from the Thai original and verified