Section 1224
Statutory text (Thai original)
บริษัทจำกัดจะลดทุนของบริษัทลงด้วยลดมูลค่าแต่ละหุ้น ๆ ให้ต่ำลง หรือลดจำนวนหุ้นให้น้อยลงโดยมติพิเศษของประชุมผู้ถือหุ้นก็ได้
Verbatim from the Royal Gazette / Office of the Council of State
คำแปลภาษาอังกฤษ
A limited company may, by special resolution, reduce its capital either by lowering the amount of each share or by reducing the number of shares.
This English translation is provided for reference only and has not yet been firm-verified — always rely on the Thai original.
Firm annotation
Section 1224 is part of Book 3 (Specific Contracts) of the Thai Civil and Commercial Code. This entry is awaiting firm-authored commentary; the statutory text above is verbatim from the Office of the Council of State (OCS Krisdika) Thai source, with the English translation from the FAO/UN FAOLEX repository. Always rely on the Thai original for legal proceedings.